Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 61.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,916 shares of the network equipment provider's stock after purchasing an additional 139,770 shares during the quarter. Mackenzie Financial Corp owned about 0.12% of Juniper Networks worth $10,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in Juniper Networks by 51.3% during the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 330 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of Juniper Networks by 74.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider's stock worth $30,000 after buying an additional 456 shares during the last quarter. Blue Trust Inc. raised its position in Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider's stock valued at $40,000 after purchasing an additional 368 shares during the last quarter. Lazard Asset Management LLC increased its stake in Juniper Networks by 2,224.7% in the 2nd quarter. Lazard Asset Management LLC now owns 1,976 shares of the network equipment provider's stock valued at $61,000 after buying an additional 1,891 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Juniper Networks during the 4th quarter worth $74,000. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.10 on Friday, reaching $36.06. 4,114,084 shares of the stock traded hands, compared to its average volume of 3,047,969. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 7.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The stock's 50-day moving average price is $36.95 and its 200-day moving average price is $32.52.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities analysts forecast that Juniper Networks, Inc. will post 1.37 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks's dividend payout ratio is 92.63%.

Insider Activity at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the firm's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the transaction, the chief executive officer now owns 1,003,429 shares in the company, valued at $37,187,078.74. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the transaction, the chief operating officer now owns 73,684 shares of the company's stock, valued at approximately $2,726,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Insiders have sold a total of 216,302 shares of company stock worth $8,005,602 over the last 90 days. Insiders own 1.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JNPR. Barclays restated an "equal weight" rating on shares of Juniper Networks in a report on Wednesday, January 10th. KeyCorp restated a "sector weight" rating on shares of Juniper Networks in a research note on Thursday, January 11th. StockNews.com assumed coverage on Juniper Networks in a report on Wednesday. They set a "hold" rating on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a report on Wednesday, January 10th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.27.

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.