Caxton Associates LP purchased a new position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,913 shares of the network equipment provider's stock, valued at approximately $1,195,000.
Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Juniper Networks by 25.5% during the 4th quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider's stock valued at $1,412,000 after buying an additional 7,668 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Juniper Networks in the fourth quarter worth about $1,374,000. US Bancorp DE increased its holdings in Juniper Networks by 4.5% during the 4th quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock valued at $577,000 after purchasing an additional 660 shares during the period. KBC Group NV raised its position in Juniper Networks by 12.1% during the 4th quarter. KBC Group NV now owns 88,162 shares of the network equipment provider's stock valued at $3,302,000 after purchasing an additional 9,548 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Juniper Networks by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock worth $17,406,000 after buying an additional 21,651 shares during the period. Hedge funds and other institutional investors own 91.95% of the company's stock.
Insider Transactions at Juniper Networks
In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the company'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 value of $1,115,827.56. Following the completion of the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. This represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.28% of the company's stock.
Juniper Networks Stock Performance
Shares of JNPR stock traded up $0.03 during trading hours on Friday, reaching $36.33. The company had a trading volume of 1,919,978 shares, compared to its average volume of 3,246,637. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79. The firm has a market cap of $12.14 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The business has a fifty day moving average price of $35.57 and a 200-day moving average price of $36.63.
Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $0.29 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.
Juniper Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks's dividend payout ratio is presently 83.81%.
Analysts Set New Price Targets
A number of equities analysts recently commented on JNPR shares. Barclays upped their target price on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.00.
Read Our Latest Analysis on JNPR
Juniper Networks Company Profile
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Free Report)
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.
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