Juniper Networks, Inc. (NYSE:JNPR) Position Increased by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,174 shares of the network equipment provider’s stock after buying an additional 7,741 shares during the period. Cibc World Markets Corp’s holdings in Juniper Networks were worth $1,954,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings in Juniper Networks by 209.3% during the fourth quarter. Natixis Advisors LLC now owns 85,977 shares of the network equipment provider’s stock worth $3,220,000 after buying an additional 58,178 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Juniper Networks by 18.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 146,935 shares of the network equipment provider’s stock valued at $5,488,000 after acquiring an additional 22,899 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Juniper Networks in the 4th quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted 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 valued at $42,000 after acquiring an additional 363 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted 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 valued at $382,000 after acquiring an additional 4,739 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Performance

JNPR stock opened at $36.07 on Friday. The firm has a 50 day moving average of $36.50 and a two-hundred day moving average of $37.50. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.20 and a beta of 0.86. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

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

Juniper Networks Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, March 3rd. Juniper Networks’s payout ratio is 102.33%.

Insider Activity at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares of the company’s stock, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barclays upped their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.