Hsbc Holdings PLC Acquires 753,479 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Hsbc Holdings PLC grew its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,542,905 shares of the network equipment provider's stock after buying an additional 753,479 shares during the period. Hsbc Holdings PLC owned about 0.77% of Juniper Networks worth $95,170,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JNPR. EverSource Wealth Advisors LLC lifted its stake in Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Juniper Networks by 7.4% in the 4th quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider's stock worth $232,000 after buying an additional 426 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Juniper Networks by 12.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock valued at $184,000 after buying an additional 549 shares during the period. Huntington National Bank grew its position in shares of Juniper Networks by 91.9% during 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. Finally, Smartleaf Asset Management LLC raised its stake in Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Insider Transactions at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the sale, the chief operating officer now owns 94,771 shares of the company's stock, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Tuesday, February 4th. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Barclays increased their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Juniper Networks presently has a consensus rating of "Hold" and an average target price of $39.80.

Juniper Networks Stock Up 0.2 %

NYSE:JNPR traded up $0.06 during trading hours on Tuesday, reaching $35.85. The company's stock had a trading volume of 355,887 shares, compared to its average volume of 3,213,205. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79. The business's 50-day moving average is $35.50 and its 200-day moving average is $36.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Equities research analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio (DPR) is presently 102.33%.

About Juniper Networks

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.