UniSuper Management Pty Ltd Raises Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

UniSuper Management Pty Ltd lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,334 shares of the network equipment provider's stock after purchasing an additional 8,082 shares during the period. UniSuper Management Pty Ltd's holdings in Juniper Networks were worth $3,533,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after buying an additional 363 shares during the period. Gould Capital LLC boosted its position in shares of Juniper Networks by 1.9% during the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider's stock worth $1,142,000 after purchasing an additional 534 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Juniper Networks by 12.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock valued at $184,000 after purchasing an additional 549 shares during the last quarter. Hilltop Holdings Inc. raised its position in Juniper Networks by 1.2% in the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider's stock valued at $1,857,000 after purchasing an additional 580 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after acquiring an additional 616 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages have commented on JNPR. Barclays raised their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com cut Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.80.

Insider Buying and Selling at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the transaction, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.28% of the company's stock.

Juniper Networks Stock Down 0.3 %

JNPR stock traded down $0.11 during trading on Tuesday, hitting $36.09. 1,052,754 shares of the company's stock were exchanged, compared to its average volume of 3,283,232. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 2.20 and a beta of 0.86. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 52-week low of $33.72 and a 52-week high of $39.79. The business has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $37.38.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Monday, March 3rd. Juniper Networks's dividend payout ratio is currently 102.33%.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.