Mackenzie Financial Corp Acquires 139,770 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Mackenzie Financial Corp increased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 61.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 367,916 shares of the network equipment provider’s stock after buying an additional 139,770 shares during the quarter. Mackenzie Financial Corp’s holdings in Juniper Networks were worth $10,846,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hartford Financial Management Inc. boosted its position in Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after purchasing an additional 330 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in Juniper Networks by 74.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after purchasing an additional 456 shares during the last quarter. Blue Trust Inc. boosted its position in Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the last quarter. Lazard Asset Management LLC boosted its position in Juniper Networks by 2,224.7% in the second quarter. Lazard Asset Management LLC now owns 1,976 shares of the network equipment provider’s stock worth $61,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Juniper Networks in the first quarter worth about $84,000. 91.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JNPR. StockNews.com began coverage on Juniper Networks in a research report on Wednesday. They set a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $34.27.

Juniper Networks Stock Down 0.3 %

NYSE JNPR opened at $36.06 on Friday. The stock’s 50 day moving average is $36.95 and its 200 day moving average is $32.49. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The stock has a market cap of $11.70 billion, a PE ratio of 37.96, a P/E/G ratio of 7.41 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Research analysts predict that Juniper Networks, Inc. will post 1.37 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, February 29th. Juniper Networks’s payout ratio is 92.63%.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the sale, the chief operating officer now owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares in the company, valued at approximately $2,726,308. The disclosure for this sale can be found here. Insiders have sold a total of 216,302 shares of company stock valued at $8,005,602 in the last quarter. 1.29% of the stock is currently owned by insiders.

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.