Man Group plc Cuts Stake in Juniper Networks, Inc. (NYSE:JNPR)

Man Group plc trimmed its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 74.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,221 shares of the network equipment provider's stock after selling 702,009 shares during the period. Man Group plc owned approximately 0.07% of Juniper Networks worth $8,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in Juniper Networks in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after buying an additional 363 shares during the last quarter. Huntington National Bank grew its position in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after buying an additional 605 shares during the last quarter. Larson Financial Group LLC grew its position in Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after buying an additional 1,045 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several research analyst reports. Barclays boosted their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Evercore ISI upgraded 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 report on Tuesday, February 4th. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Price Performance

Shares of NYSE:JNPR traded up $0.02 during midday trading on Friday, hitting $35.99. 1,783,762 shares of the stock were exchanged, compared to its average volume of 3,276,804. The stock has a market cap of $12.03 billion, a P/E ratio of 41.85, a PEG ratio of 2.20 and a beta of 0.82. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month high of $39.79. The company has a 50 day moving average price of $35.62 and a 200-day moving average price of $36.43.

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 the consensus estimate of $0.41 by $0.02. The business 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 7.57% and a net margin of 5.67%. The business's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. On average, research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is presently 83.81%.

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 dated 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 transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.37% of the company's stock.

Juniper Networks 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.