Occudo Quantitative Strategies LP Buys Shares of 14,040 Juniper Networks, Inc. (NYSE:JNPR)

Occudo Quantitative Strategies LP purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,040 shares of the network equipment provider's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Juniper Networks by 10.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 169,604 shares of the network equipment provider's stock worth $6,352,000 after purchasing an additional 16,411 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Juniper Networks by 1.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,413 shares of the network equipment provider's stock valued at $652,000 after acquiring an additional 330 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Juniper Networks during the 4th quarter valued at about $1,715,000. Janus Henderson Group PLC boosted its holdings in Juniper Networks by 2.3% during the 4th quarter. Janus Henderson Group PLC now owns 33,624 shares of the network equipment provider's stock valued at $1,260,000 after acquiring an additional 758 shares during the period. Finally, Hudson Bay Capital Management LP grew its position in Juniper Networks by 70.1% during the 4th quarter. Hudson Bay Capital Management LP now owns 2,811,005 shares of the network equipment provider's stock worth $105,272,000 after acquiring an additional 1,158,713 shares during the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Trading Down 0.5%

Juniper Networks stock traded down $0.19 during mid-day trading on Friday, reaching $36.08. 2,574,651 shares of the company traded hands, compared to its average volume of 3,268,689. 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, Inc. has a 52-week low of $33.42 and a 52-week high of $39.79. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 2.20 and a beta of 0.82. The firm's 50 day moving average price is $35.60 and its 200 day moving average price is $36.53.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks's payout ratio is presently 83.81%.

Insider Buying and Selling

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Barclays increased their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $40.00.

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.