Deutsche Bank AG Acquires 1,022,508 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Deutsche Bank AG raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 66.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,568,829 shares of the network equipment provider's stock after purchasing an additional 1,022,508 shares during the quarter. Deutsche Bank AG owned 0.78% of Juniper Networks worth $96,203,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JNPR. Franklin Resources Inc. raised its stake in shares of Juniper Networks by 20.2% during the 3rd quarter. Franklin Resources Inc. now owns 210,338 shares of the network equipment provider's stock worth $8,153,000 after buying an additional 35,337 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock worth $17,406,000 after purchasing an additional 21,651 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Juniper Networks by 12.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock worth $184,000 after purchasing an additional 549 shares during the last quarter. Czech National Bank boosted its holdings in Juniper Networks by 7.1% in the fourth quarter. Czech National Bank now owns 71,787 shares of the network equipment provider's stock valued at $2,688,000 after acquiring an additional 4,733 shares during the last quarter. Finally, Oak Thistle LLC boosted its holdings in Juniper Networks by 28.1% in the fourth quarter. Oak Thistle LLC now owns 32,380 shares of the network equipment provider's stock valued at $1,213,000 after acquiring an additional 7,097 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Insiders Place Their Bets

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 94,771 shares of the company's stock, valued at $3,413,651.42. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several research reports. Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Tuesday, February 4th. Barclays boosted their price target on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a 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 given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.00.

Juniper Networks Price Performance

Shares of NYSE:JNPR traded up $0.13 on Thursday, reaching $36.23. 2,963,968 shares of the company traded hands, compared to its average volume of 3,255,601. The company's 50 day moving average is $35.58 and its 200-day moving average is $36.59. The stock has a market capitalization of $12.11 billion, a PE ratio of 42.13, a P/E/G ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share 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 the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Juniper Networks's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, June 2nd. Juniper Networks's payout ratio is presently 83.81%.

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.