Dean Capital Investments Management LLC acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,650 shares of the network equipment provider’s stock, valued at approximately $988,000.
Several other hedge funds have also added to or reduced their stakes in JNPR. D.A. Davidson & CO. raised its position in shares of Juniper Networks by 0.3% in the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after buying an additional 24 shares during the last quarter. Zacks Investment Management boosted its stake in shares of Juniper Networks by 6.1% in the second quarter. Zacks Investment Management now owns 20,566 shares of the network equipment provider’s stock valued at $573,000 after purchasing an additional 1,176 shares during the period. Piedmont Investment Advisors LLC boosted its stake in shares of Juniper Networks by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock valued at $1,164,000 after purchasing an additional 1,440 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Juniper Networks by 18.6% in the third quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock valued at $355,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Juniper Networks by 1.0% in the third quarter. Aperio Group LLC now owns 196,518 shares of the network equipment provider’s stock valued at $5,469,000 after acquiring an additional 2,028 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Juniper Networks, Inc. (JNPR) traded up $0.77 during trading hours on Thursday, hitting $26.94. The company had a trading volume of 3,999,263 shares, compared to its average volume of 4,372,504. The firm has a market cap of $9,819.37, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.70. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.
Juniper Networks declared that its Board of Directors has authorized a share buyback plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 28th. Juniper Networks’s dividend payout ratio (DPR) is presently 49.38%.
JNPR has been the topic of several analyst reports. Deutsche Bank reaffirmed a “sell” rating and issued a $20.00 target price on shares of Juniper Networks in a report on Friday, January 5th. Cowen reissued a “hold” rating and set a $28.00 price objective on shares of Juniper Networks in a report on Friday, October 27th. Wells Fargo & Co began coverage on shares of Juniper Networks in a report on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 target price on the stock. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Raymond James Financial set a $31.00 price objective on shares of Juniper Networks and gave the company a “buy” rating in a research report on Thursday, December 7th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.61.
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Juniper Networks Company Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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