Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp reduced its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,300 shares of the network equipment provider’s stock after selling 239,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.12% of Juniper Networks worth $12,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Juniper Networks in the third quarter worth about $111,000. Cerebellum GP LLC purchased a new stake in shares of Juniper Networks in the fourth quarter worth about $128,000. Exane Derivatives boosted its stake in shares of Juniper Networks by 278.1% in the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after buying an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new stake in shares of Juniper Networks in the fourth quarter worth about $163,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Juniper Networks in the fourth quarter worth about $209,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $24.79 on Friday. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $8,697.04, a P/E ratio of 14.46, a P/E/G ratio of 2.94 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st were paid a dividend of $0.18 per share. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.90%. Juniper Networks’s dividend payout ratio (DPR) is 88.89%.
Juniper Networks announced that its board has initiated a stock repurchase program on Tuesday, January 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the network equipment provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
JNPR has been the topic of a number of recent research reports. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the stock a “buy” rating in a research note on Thursday, December 7th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. BMO Capital Markets restated a “buy” rating and issued a $29.00 target price on shares of Juniper Networks in a research note on Sunday, February 11th. Standpoint Research upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.61.
In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $26.24, for a total transaction of $139,072.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction 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 approximately $104,397.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,813 shares of company stock valued at $1,124,709. 2.60% of the stock is owned by insiders.
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About Juniper Networks
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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