KBC Group NV Purchases 167,428 Shares of Juniper Networks, Inc. (NYSE:JNPR)

KBC Group NV boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 178.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 261,210 shares of the network equipment provider’s stock after purchasing an additional 167,428 shares during the quarter. KBC Group NV owned about 0.08% of Juniper Networks worth $7,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its holdings in Juniper Networks by 3.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 26,753 shares of the network equipment provider’s stock worth $789,000 after purchasing an additional 877 shares during the last quarter. Lcnb Corp bought a new stake in shares of Juniper Networks in the 4th quarter valued at about $308,000. TFO Wealth Partners LLC increased its stake in shares of Juniper Networks by 75,992.9% in the 4th quarter. TFO Wealth Partners LLC now owns 10,653 shares of the network equipment provider’s stock valued at $314,000,000 after acquiring an additional 10,639 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Juniper Networks by 20.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock valued at $5,254,000 after acquiring an additional 29,905 shares during the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Juniper Networks in the 4th quarter valued at about $222,000. 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. StockNews.com started coverage on Juniper Networks in a research note on Tuesday. They issued a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Finally, Barclays increased their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.55.

Check Out Our Latest Analysis on Juniper Networks

Juniper Networks Trading Up 0.6 %

NYSE:JNPR opened at $35.44 on Thursday. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $34.47. The company has a market cap of $11.52 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 9.18 and a beta of 0.96.

Juniper Networks (NYSE:JNPRGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. As a group, analysts expect that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s payout ratio is presently 127.54%.

Insider Activity

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the sale, the chief financial officer now owns 69,435 shares of the company’s stock, valued at approximately $2,393,424.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total transaction of $205,757.20. Following the sale, the chief executive officer now directly owns 1,014,539 shares in the company, valued at $37,578,524.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the sale, the chief financial officer now owns 69,435 shares in the company, valued at $2,393,424.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,220 shares of company stock valued at $1,315,803. 1.28% of the stock is owned by insiders.

Juniper Networks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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