Swiss National Bank lowered its position in Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 929,900 shares of the network equipment provider’s stock after selling 34,500 shares during the period. Swiss National Bank owned approximately 0.28% of Juniper Networks worth $34,825,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in shares of Juniper Networks in the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in shares of Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock worth $42,000 after buying an additional 363 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Juniper Networks by 86.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,206 shares of the network equipment provider’s stock worth $382,000 after buying an additional 4,739 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Juniper Networks by 3.3% in the 4th quarter. HighTower Advisors LLC now owns 37,503 shares of the network equipment provider’s stock worth $1,404,000 after buying an additional 1,202 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Juniper Networks by 1,776.2% in the 4th quarter. Wealthfront Advisers LLC now owns 104,333 shares of the network equipment provider’s stock worth $3,907,000 after buying an additional 98,772 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.
Juniper Networks Stock Performance
Shares of NYSE JNPR opened at $35.71 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The company has a 50 day simple moving average of $36.72 and a two-hundred day simple moving average of $37.58. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.20 and a beta of 0.86.
Juniper Networks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Monday, March 3rd. Juniper Networks’s dividend payout ratio is currently 102.33%.
Insider Activity at Juniper Networks
In related news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.28% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on JNPR. Barclays boosted their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.80.
Read Our Latest Report on Juniper Networks
Juniper Networks 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.
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