Global Financial Private Capital LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,709 shares of the network equipment provider’s stock after acquiring an additional 19,052 shares during the quarter. Global Financial Private Capital LLC’s holdings in Juniper Networks were worth $2,870,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. bought a new position in Juniper Networks in the 3rd quarter worth approximately $111,000. Cerebellum GP LLC purchased a new stake in shares of Juniper Networks during the 4th quarter worth approximately $128,000. Exane Derivatives raised its holdings in shares of Juniper Networks by 278.1% during the 4th quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after acquiring an additional 4,143 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new stake in shares of Juniper Networks during the 4th quarter worth approximately $163,000. Finally, Stevens First Principles Investment Advisors raised its holdings in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up $0.07 during trading hours on Friday, hitting $26.10. The stock had a trading volume of 2,465,180 shares, compared to its average volume of 4,507,422. Juniper Networks, Inc. has a 1 year low of $23.87 and a 1 year high of $30.96. The stock has a market capitalization of $9,706.89, a PE ratio of 32.16, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.18 per share. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, February 28th. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.
Juniper Networks announced that its Board of Directors has initiated a share buyback program on Tuesday, January 30th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several research firms recently weighed in on JNPR. BMO Capital Markets restated a “buy” rating and set a $29.00 price target on shares of Juniper Networks in a report on Sunday, February 11th. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Goldman Sachs Group began coverage on Juniper Networks in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $26.00 target price on the stock. ValuEngine lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barclays reduced their target price on Juniper Networks from $25.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 31st. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $28.61.
In other Juniper Networks news, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total value of $222,586.23. Following the sale, the vice president now directly owns 3,944 shares of the company’s stock, valued at $104,397.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 7,647 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $26.21, for a total value of $200,427.87. Following the completion of the sale, the executive vice president now directly owns 17,989 shares in the company, valued at $471,491.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,713 shares of company stock valued at $440,221. 2.60% of the stock is owned by company insiders.
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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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