Woodline Partners LP Acquires New Shares in Juniper Networks, Inc. (NYSE:JNPR)

Woodline Partners LP acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 567,894 shares of the network equipment provider's stock, valued at approximately $21,268,000. Woodline Partners LP owned approximately 0.17% of Juniper Networks as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in Juniper Networks in the 4th quarter worth about $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after acquiring an additional 363 shares in the last quarter. Huntington National Bank raised its holdings in shares of Juniper Networks by 91.9% during the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock worth $47,000 after acquiring an additional 605 shares in the last quarter. Larson Financial Group LLC grew its stake in Juniper Networks by 139.5% in the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake 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 owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the business's stock in a transaction dated 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. The trade was a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.37% of the company's stock.

Juniper Networks Price Performance

NYSE:JNPR traded up $0.02 during mid-day trading on Monday, hitting $35.99. The company's stock had a trading volume of 1,783,762 shares, compared to its average volume of 3,276,804. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 41.85, a P/E/G 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 fifty-two week low of $33.42 and a fifty-two week high of $39.79. The stock has a fifty day moving average of $35.62 and a 200-day moving average of $36.41.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. As a group, equities analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio is presently 83.81%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JNPR. 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 research note on Tuesday, February 4th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. 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. Barclays upped their price objective 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. Finally, Wall Street Zen upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company 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.