ClearAlpha Technologies LP Purchases Shares of 142,518 Juniper Networks, Inc. (NYSE:JNPR)

ClearAlpha Technologies LP acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 142,518 shares of the network equipment provider's stock, valued at approximately $5,337,000. Juniper Networks comprises 3.7% of ClearAlpha Technologies LP's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently made changes to their positions in JNPR. Norges Bank acquired a new stake in Juniper Networks during the 4th quarter worth about $262,618,000. FIL Ltd raised its position in Juniper Networks by 20.5% during the fourth quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock valued at $477,593,000 after acquiring an additional 2,167,567 shares in the last quarter. Amundi lifted its holdings in Juniper Networks by 60.1% in the fourth 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 period. Invesco Ltd. boosted its position in Juniper Networks by 17.8% in the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock worth $244,372,000 after purchasing an additional 987,431 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Juniper Networks by 69.3% during the 4th quarter. Bank of Nova Scotia now owns 1,710,771 shares of the network equipment provider's stock worth $64,068,000 after purchasing an additional 700,111 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Juniper Networks Stock Up 0.1 %

Juniper Networks stock traded up $0.03 during midday trading on Friday, reaching $35.56. The company's stock had a trading volume of 981,602 shares, compared to its average volume of 3,237,721. The business has a 50-day simple moving average of $35.50 and a 200-day simple moving average of $36.83. The company has a market cap of $11.85 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) 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%. On average, research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

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

Insider Buying and Selling at Juniper Networks

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

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.