Intact Investment Management Inc. Purchases Shares of 72,000 Juniper Networks, Inc. (NYSE:JNPR)

Intact Investment Management Inc. acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 72,000 shares of the network equipment provider's stock, valued at approximately $2,123,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. raised its holdings in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider's stock worth $29,000 after buying an additional 330 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider's stock worth $40,000 after buying an additional 368 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of Juniper Networks by 3.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 11,075 shares of the network equipment provider's stock worth $308,000 after buying an additional 375 shares in the last quarter. Wahed Invest LLC raised its holdings in shares of Juniper Networks by 8.2% during the 3rd quarter. Wahed Invest LLC now owns 4,968 shares of the network equipment provider's stock worth $138,000 after buying an additional 377 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Juniper Networks by 1.0% during the 3rd quarter. Profund Advisors LLC now owns 40,842 shares of the network equipment provider's stock worth $1,135,000 after buying an additional 410 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 73,684 shares of the company's stock, valued at $2,726,308. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the completion of the transaction, the chief executive officer now directly owns 1,003,429 shares of the company's stock, valued at $37,187,078.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.00, for a total value of $3,645,610.00. Following the transaction, the chief operating officer now directly owns 73,684 shares of the company's stock, valued at $2,726,308. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,302 shares of company stock valued at $8,005,602. 1.29% of the stock is owned by insiders.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.24 on Friday, reaching $34.71. 4,677,184 shares of the company's stock traded hands, compared to its average volume of 3,295,185. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $11.28 billion, a PE ratio of 50.30, a PEG ratio of 7.24 and a beta of 0.98. The stock's 50 day simple moving average is $36.79 and its two-hundred day simple moving average is $32.88. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.41 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.07%. On average, analysts forecast that Juniper Networks, Inc. will post 1.35 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks's payout ratio is 127.54%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JNPR shares. Barclays upped their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a report on Friday. Jefferies Financial Group restated a "hold" rating and set a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Rosenblatt Securities upped their price target on Juniper Networks from $31.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Morgan Stanley raised Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 price target on the stock in a research note on Thursday, January 11th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $34.55.

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.