Cwm LLC Purchases 530 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Cwm LLC raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 17.1% in the fourth quarter, Holdings Channel reports. The fund owned 3,621 shares of the network equipment provider’s stock after buying an additional 530 shares during the quarter. Cwm LLC’s holdings in Juniper Networks were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Juniper Networks by 7.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,540 shares of the network equipment provider’s stock valued at $1,048,000 after purchasing an additional 2,453 shares during the period. Signaturefd LLC increased its position in Juniper Networks by 18.9% in the 4th quarter. Signaturefd LLC now owns 8,271 shares of the network equipment provider’s stock worth $244,000 after buying an additional 1,316 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Juniper Networks by 90.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after buying an additional 729 shares during the last quarter. abrdn plc boosted its position in shares of Juniper Networks by 59.8% in the fourth quarter. abrdn plc now owns 170,509 shares of the network equipment provider’s stock valued at $5,027,000 after acquiring an additional 63,830 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Juniper Networks by 24.0% in the fourth quarter. Federated Hermes Inc. now owns 17,991 shares of the network equipment provider’s stock worth $530,000 after acquiring an additional 3,478 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Insider Activity at Juniper Networks

In other news, CEO Rami Rahim sold 5,556 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the transaction, the chief executive officer now directly owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Manoj Leelanivas sold 98,530 shares of the firm’s stock in a transaction 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 $2,726,308. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the transaction, the chief executive officer now owns 829,406 shares in the company, valued at approximately $30,770,962.60. The disclosure for this sale can be found here. Insiders sold 221,856 shares of company stock valued at $8,187,658 in the last ninety days. Insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. StockNews.com began coverage on shares of Juniper Networks in a research note on Friday. They issued a “hold” rating for the company. Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a research report on Thursday, January 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, Rosenblatt Securities lifted their price objective on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.55.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $34.78 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The business’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $33.19. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 8.76 and a beta of 0.98.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is currently 127.54%.

Juniper Networks Company 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.