Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 32.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,878 shares of the network equipment provider's stock after purchasing an additional 56,468 shares during the period. Toronto Dominion Bank owned about 0.07% of Juniper Networks worth $8,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. grew its stake in shares of Juniper Networks by 10.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 83,254 shares of the network equipment provider's stock worth $3,118,000 after purchasing an additional 8,118 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in Juniper Networks during the 4th quarter worth about $207,000. SG Americas Securities LLC lifted its holdings in Juniper Networks by 123.8% during the 4th quarter. SG Americas Securities LLC now owns 226,448 shares of the network equipment provider's stock worth $8,480,000 after buying an additional 125,278 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Juniper Networks during the 4th quarter worth about $1,374,000. Finally, Blue Trust Inc. boosted its position in shares of Juniper Networks by 67.6% during the 4th quarter. Blue Trust Inc. now owns 6,892 shares of the network equipment provider's stock worth $269,000 after acquiring an additional 2,781 shares in the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Performance

JNPR traded up $0.02 during trading on Monday, hitting $35.99. 1,783,762 shares of the stock were exchanged, compared to its average volume of 3,276,804. The firm has a market capitalization of $12.03 billion, a P/E ratio of 41.85, a PEG 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 stock has a fifty day moving average price of $35.62 and a two-hundred day moving average price of $36.41. 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 announced its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.29 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. Juniper Networks's dividend payout ratio is presently 83.81%.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction 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. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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