Alpine Global Management LLC Has $5.68 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Alpine Global Management LLC raised its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,564 shares of the network equipment provider's stock after acquiring an additional 51,564 shares during the period. Juniper Networks comprises approximately 1.3% of Alpine Global Management LLC's holdings, making the stock its 13th largest holding. Alpine Global Management LLC's holdings in Juniper Networks were worth $5,676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Juniper Networks in the fourth quarter worth $262,618,000. FIL Ltd raised its stake in shares of Juniper Networks by 20.5% in the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock valued at $477,593,000 after buying an additional 2,167,567 shares in the last quarter. Amundi lifted its holdings in shares of Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock worth $159,510,000 after acquiring an additional 1,559,884 shares during the period. Invesco Ltd. boosted its position in shares of Juniper Networks by 17.8% during the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock valued at $244,372,000 after acquiring an additional 987,431 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Juniper Networks by 42.1% in the fourth quarter. Hsbc Holdings PLC now owns 2,542,905 shares of the network equipment provider's stock valued at $95,170,000 after acquiring an additional 753,479 shares during the period. Institutional investors own 91.95% of the company's stock.

Insider Activity

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated 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 transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.28% of the stock is owned by company insiders.

Juniper Networks Price Performance

Shares of NYSE JNPR traded up $0.03 during trading on Friday, reaching $35.56. The company had a trading volume of 981,602 shares, compared to its average volume of 3,231,940. Juniper Networks, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79. The business's 50 day moving average price is $35.50 and its 200-day moving average price is $36.80. The stock has a market cap of $11.89 billion, a PE ratio of 41.35, a PEG ratio of 2.20 and a beta of 0.84. 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 (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.57% and a net margin of 5.67%. Analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. Juniper Networks's dividend payout ratio is 102.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 report on Tuesday, February 4th. StockNews.com cut Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Barclays lifted their price objective on Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.80.

About Juniper Networks

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.