Victory Capital Management Inc. Acquires 69,711 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Victory Capital Management Inc. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,614,022 shares of the network equipment provider's stock after acquiring an additional 69,711 shares during the quarter. Victory Capital Management Inc. owned approximately 0.51% of Juniper Networks worth $47,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Juniper Networks by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 8,723 shares of the network equipment provider's stock worth $257,000 after buying an additional 522 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Juniper Networks during the fourth quarter worth about $205,000. Intact Investment Management Inc. purchased a new stake in shares of Juniper Networks during the fourth quarter worth approximately $2,123,000. Russell Investments Group Ltd. raised its holdings in Juniper Networks by 2.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,147,409 shares of the network equipment provider's stock valued at $33,829,000 after acquiring an additional 29,850 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Juniper Networks by 0.5% in the fourth quarter. Truist Financial Corp now owns 153,290 shares of the network equipment provider's stock worth $4,519,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Juniper Networks Price Performance

Juniper Networks stock traded down $0.06 during mid-day trading on Monday, hitting $34.78. The company's stock had a trading volume of 1,633,759 shares, compared to its average volume of 4,770,281. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $11.30 billion, a P/E ratio of 50.49, a P/E/G ratio of 8.76 and a beta of 0.98. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The stock's fifty day moving average price is $36.57 and its two-hundred day moving average price is $33.19.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be paid a $0.22 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. Juniper Networks's payout ratio is currently 127.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JNPR. Jefferies Financial Group reissued a "hold" rating and issued a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Barclays upped their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Morgan Stanley upgraded shares of Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 price objective for the company in a research report on Thursday, January 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Juniper Networks in a research report on Thursday, January 11th. Eleven investment 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 currently has an average rating of "Hold" and an average target price of $34.55.

Insider Activity at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $34.86, for a total transaction of $193,647.30. Following the transaction, the chief executive officer now directly owns 986,764 shares in the company, valued at $34,398,593.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the transaction, the chief executive officer now directly owns 986,764 shares of the company's stock, valued at approximately $34,398,593.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the sale, the senior vice president now owns 36,061 shares in the company, valued at $1,326,323.58. The disclosure for this sale can be found here. Insiders have sold a total of 221,856 shares of company stock valued at $8,187,658 over the last quarter. 1.28% of the stock is owned by company insiders.

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.