CIBC Asset Management Inc Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

CIBC Asset Management Inc lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 52,470 shares of the network equipment provider’s stock after selling 2,533 shares during the period. CIBC Asset Management Inc’s holdings in Juniper Networks were worth $1,547,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of Juniper Networks by 4.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock valued at $1,286,000 after purchasing an additional 2,134 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Juniper Networks by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after purchasing an additional 54,735 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Juniper Networks by 2,096.4% in the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after purchasing an additional 431,855 shares in 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 purchasing an additional 29,905 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Juniper Networks by 43.9% in the 4th quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock valued at $15,357,000 after purchasing an additional 158,913 shares in the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Insider Transactions at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 69,435 shares in the company, valued at approximately $2,393,424.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the transaction, 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. Insiders have sold a total of 48,330 shares of company stock worth $1,708,320 in the last ninety days. Insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on JNPR shares. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Barclays lifted their price target on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, StockNews.com assumed coverage on Juniper Networks in a report on Tuesday, June 4th. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Juniper Networks presently has a consensus rating of “Hold” and an average price target of $34.55.

Get Our Latest Report on JNPR

Juniper Networks Trading Up 0.3 %

Shares of Juniper Networks stock opened at $35.55 on Friday. The stock has a market cap of $11.55 billion, a P/E ratio of 51.52, a P/E/G ratio of 9.24 and a beta of 0.96. The stock’s 50 day simple moving average is $35.47 and its 200-day simple moving average is $34.55. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

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

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio is currently 127.54%.

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.

See Also

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

Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.