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

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

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. FIL Ltd increased its position in Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock valued at $477,593,000 after purchasing an additional 2,167,567 shares during the period. Geode Capital Management LLC raised its stake in Juniper Networks by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock worth $370,461,000 after buying an additional 356,672 shares during the last quarter. Norges Bank acquired a new stake in Juniper Networks during the 4th quarter worth about $262,618,000. Finally, Invesco Ltd. increased its holdings in Juniper Networks by 17.8% in the fourth 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. 91.95% of the stock is owned by institutional investors.

Juniper Networks Price Performance

Shares of JNPR stock remained flat at $39.95 during trading hours on Thursday. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.96. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average price is $36.34 and its 200 day moving average price is $36.36. The company has a market capitalization of $13.36 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80.

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

Juniper Networks Dividend Announcement

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

Analyst Ratings Changes

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

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.