GAMMA Investing LLC Takes $28,000 Position in Juniper Networks, Inc. (NYSE:JNPR)

GAMMA Investing LLC acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 956 shares of the network equipment provider’s stock, valued at approximately $28,000.

Several other institutional investors also recently made changes to their positions in JNPR. Hartford Financial Management Inc. lifted its holdings in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after acquiring an additional 368 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Juniper Networks by 3.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 11,075 shares of the network equipment provider’s stock valued at $308,000 after acquiring an additional 375 shares in the last quarter. Wahed Invest LLC lifted its holdings in shares of Juniper Networks by 8.2% during the 3rd quarter. Wahed Invest LLC now owns 4,968 shares of the network equipment provider’s stock valued at $138,000 after acquiring an additional 377 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Juniper Networks by 1.0% during the 3rd quarter. Profund Advisors LLC now owns 40,842 shares of the network equipment provider’s stock valued at $1,135,000 after acquiring an additional 410 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,556 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Manoj Leelanivas sold 98,530 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now 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 221,856 shares of company stock worth $8,187,658 over the last quarter. 1.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several recent research reports. Rosenblatt Securities lifted their target price on shares of Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a report on Thursday, January 11th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Barclays upped their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a research report on Friday. They issued a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.55.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $34.78 on Tuesday. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 8.76 and a beta of 0.98. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The company’s 50-day simple moving average is $36.57 and its 200-day simple moving average is $33.19. 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 Dividend Announcement

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

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.