Cibc World Markets Corp Acquires 7,741 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Cibc World Markets Corp boosted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Juniper Networks during the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC grew its stake in 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. Larson Financial Group LLC increased its holdings 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 in the last quarter. Longfellow Investment Management Co. LLC raised its stake in shares of Juniper Networks by 84.7% in the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after acquiring an additional 839 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Juniper Networks in the 3rd quarter worth approximately $76,000. 91.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JNPR has been the subject of a number of recent analyst reports. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, February 4th. Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays increased their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.80.

Juniper Networks Trading Down 0.3 %

JNPR stock opened at $36.07 on Friday. The business has a fifty day moving average of $36.50 and a 200-day moving average of $37.50. The company has a market cap of $12.02 billion, a P/E ratio of 41.94, a PEG ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79. 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 released its earnings results 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 net margin of 5.67% and a return on equity of 7.57%. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be paid a $0.22 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s payout ratio is presently 102.33%.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the transaction, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.28% of the company’s stock.

Juniper Networks Profile

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.