Skandinaviska Enskilda Banken AB publ Purchases 22,899 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Skandinaviska Enskilda Banken AB publ boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 146,935 shares of the network equipment provider’s stock after buying an additional 22,899 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Juniper Networks were worth $5,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JNPR. Hollencrest Capital Management bought a new stake in shares of Juniper Networks during the fourth quarter worth $38,000. EverSource Wealth Advisors LLC grew its stake in shares of Juniper Networks by 47.8% during the fourth 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. Venturi Wealth Management LLC grew its stake in shares of Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after buying an additional 447 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Juniper Networks by 139.5% during the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock worth $67,000 after buying an additional 1,045 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC grew its stake in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after buying an additional 839 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Juniper Networks Trading Up 0.4 %

NYSE:JNPR opened at $35.71 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The firm has a 50-day moving average price of $36.72 and a two-hundred day moving average price of $37.59.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. On average, equities analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.46%. Juniper Networks’s payout ratio is currently 102.33%.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the sale, the chief operating officer now owns 94,771 shares in the company, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JNPR shares. 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 note on Tuesday, February 4th. StockNews.com lowered shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Argus lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Barclays upped their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. 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 has an average rating of “Hold” and a consensus price target of $39.80.

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.