Cannon Global Investment Management LLC Makes New $651,000 Investment in Juniper Networks, Inc. (NYSE:JNPR)

Cannon Global Investment Management LLC purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,000 shares of the network equipment provider's stock, valued at approximately $651,000. Juniper Networks makes up approximately 1.1% of Cannon Global Investment Management LLC's portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of JNPR. US Bancorp DE raised its holdings in Juniper Networks by 4.5% in the 4th quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock valued at $577,000 after buying an additional 660 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in shares of Juniper Networks by 7.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 5,795 shares of the network equipment provider's stock worth $210,000 after buying an additional 380 shares during the period. Proficio Capital Partners LLC acquired a new stake in Juniper Networks in the 4th quarter valued at $1,926,000. Asset Management One Co. Ltd. grew its position in Juniper Networks by 4.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 163,764 shares of the network equipment provider's stock valued at $5,927,000 after purchasing an additional 6,426 shares during the period. Finally, Bessemer Group Inc. grew its position in Juniper Networks by 18.2% in the 1st quarter. Bessemer Group Inc. now owns 3,437 shares of the network equipment provider's stock valued at $125,000 after purchasing an additional 530 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Price Performance

NYSE JNPR remained flat at $39.95 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $36.52 and a 200-day moving average price of $36.39. The firm has a market capitalization of $13.36 billion, a PE ratio of 38.05, a PEG ratio of 2.20 and a beta of 0.80. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.96.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. On average, sell-side analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.20%. Juniper Networks's dividend payout ratio is presently 83.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Barclays boosted their price objective on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Wall Street Zen raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.00.

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.