Truist Financial Corp Buys 781 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Truist Financial Corp boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,290 shares of the network equipment provider’s stock after acquiring an additional 781 shares during the period. Truist Financial Corp’s holdings in Juniper Networks were worth $4,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of Juniper Networks by 5.6% during the 3rd quarter. Xponance Inc. now owns 50,799 shares of the network equipment provider’s stock valued at $1,412,000 after purchasing an additional 2,679 shares in the last quarter. Forsta AP Fonden acquired a new stake in Juniper Networks in the third quarter worth $2,407,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Juniper Networks by 112.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock worth $5,031,000 after purchasing an additional 95,672 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Juniper Networks by 51.5% in the 3rd quarter. Mackenzie Financial Corp now owns 228,146 shares of the network equipment provider’s stock valued at $6,285,000 after buying an additional 77,571 shares during the period. Finally, Access Financial Services Inc. increased its position in Juniper Networks by 32.5% in the 3rd quarter. Access Financial Services Inc. now owns 46,953 shares of the network equipment provider’s stock valued at $1,305,000 after buying an additional 11,527 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on JNPR. Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, January 11th. Barclays boosted their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Rosenblatt Securities raised their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. StockNews.com started coverage on shares of Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Finally, Jefferies Financial Group reissued a “hold” rating and set a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average target price of $34.55.

Insider Transactions at Juniper Networks

In related news, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Juniper Networks news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total transaction of $206,127.60. Following the completion of the sale, the chief executive officer now directly owns 829,406 shares in the company, valued at $30,770,962.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares in the company, valued at $1,326,323.58. The disclosure for this sale can be found here. In the last three months, insiders sold 221,856 shares of company stock worth $8,187,658. 1.29% of the stock is currently owned by corporate insiders.

Juniper Networks Stock Up 0.5 %

Shares of NYSE:JNPR opened at $34.84 on Monday. The firm has a market capitalization of $11.32 billion, a PE ratio of 50.49, a price-to-earnings-growth ratio of 8.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The firm has a fifty day moving average of $36.57 and a 200 day moving average of $33.14.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s payout ratio is currently 127.54%.

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.