Tidal Investments LLC Has $2.35 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Tidal Investments LLC trimmed its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,854 shares of the network equipment provider's stock after selling 38,768 shares during the period. Tidal Investments LLC's holdings in Juniper Networks were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Juniper Networks in the 4th quarter valued at about $262,618,000. FIL Ltd raised its stake 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 worth $477,593,000 after acquiring an additional 2,167,567 shares during the period. Amundi raised its stake in Juniper Networks by 60.1% during the fourth 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. Melqart Asset Management UK Ltd acquired a new stake in Juniper Networks during the fourth quarter worth about $43,413,000. Finally, Hudson Bay Capital Management LP raised its stake in Juniper Networks by 70.1% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,811,005 shares of the network equipment provider's stock worth $105,272,000 after acquiring an additional 1,158,713 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JNPR. Barclays raised their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a report on Tuesday, February 4th. Rosenblatt Securities restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.00.

Juniper Networks Stock Up 0.0%

Shares of NYSE:JNPR traded up $0.02 during trading on Wednesday, reaching $36.09. 246,779 shares of the company traded hands, compared to its average volume of 3,259,325. The firm has a fifty day simple moving average of $35.62 and a 200 day simple moving average of $36.38. The firm has a market cap of $12.07 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year 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 Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 5.67% and a return on equity of 7.57%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Analysts anticipate 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 will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio is presently 83.81%.

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.