Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Yakira Capital Management Inc.

Yakira Capital Management Inc. grew its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 86.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 135,607 shares of the network equipment provider's stock after buying an additional 63,000 shares during the quarter. Juniper Networks accounts for approximately 1.9% of Yakira Capital Management Inc.'s portfolio, making the stock its 16th biggest position. Yakira Capital Management Inc.'s holdings in Juniper Networks were worth $5,078,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JNPR. Norges Bank purchased a new position in shares of Juniper Networks in the 4th quarter valued at $262,618,000. Amundi raised its stake in Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after acquiring an additional 1,559,884 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Juniper Networks during the 3rd quarter worth approximately $25,337,000. Vanguard Group Inc. grew its stake in shares of Juniper Networks by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock valued at $1,620,269,000 after purchasing an additional 599,214 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Juniper Networks by 736.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,750 shares of the network equipment provider's stock valued at $24,520,000 after buying an additional 576,461 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 28th. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays increased their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.80.

Juniper Networks Price Performance

JNPR traded up $0.25 during midday trading on Friday, reaching $34.89. 500,870 shares of the company's stock were exchanged, compared to its average volume of 3,277,813. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The stock has a market capitalization of $11.62 billion, a PE ratio of 40.53, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The business's 50-day moving average price is $35.80 and its 200 day moving average price is $37.12.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's payout ratio is currently 102.33%.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the sale, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by company insiders.

Juniper Networks 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.