Canada Pension Plan Investment Board Purchases Shares of 741,800 Juniper Networks, Inc. (NYSE:JNPR)

Canada Pension Plan Investment Board bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 741,800 shares of the network equipment provider’s stock, valued at approximately $20,615,000. Canada Pension Plan Investment Board owned about 0.23% of Juniper Networks at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JNPR. Halpern Financial Inc. acquired a new position in Juniper Networks during the 2nd quarter worth $25,000. Ronald Blue Trust Inc. raised its position in shares of Juniper Networks by 74.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock valued at $30,000 after buying an additional 456 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Juniper Networks by 92.1% during the second quarter. Farther Finance Advisors LLC now owns 974 shares of the network equipment provider’s stock valued at $31,000 after buying an additional 467 shares during the last quarter. Tobam acquired a new position in Juniper Networks in the second quarter worth about $55,000. Finally, West Tower Group LLC acquired a new position in Juniper Networks in the second quarter worth about $57,000. Institutional investors and hedge funds own 87.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Morgan Stanley raised 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 research note on Thursday, January 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.58.

Read Our Latest Research Report on JNPR

Insiders Place Their Bets

In other Juniper Networks news, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction on 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 owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Robert Mobassaly sold 5,496 shares of Juniper Networks stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $36.35, for a total transaction of $199,779.60. Following the transaction, the senior vice president now directly owns 30,888 shares of the company’s stock, valued at $1,122,778.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction on 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 directly owns 829,406 shares in the company, valued at $30,770,962.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,732 shares of company stock valued at $1,701,975. Company insiders own 1.29% of the company’s stock.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $37.03 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The firm has a market cap of $11.92 billion, a P/E ratio of 38.98, a P/E/G ratio of 7.36 and a beta of 0.99. The firm has a 50 day simple moving average of $33.14 and a 200 day simple moving average of $29.48. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04.

Juniper Networks (NYSE:JNPRGet Free Report) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Sell-side analysts predict that Juniper Networks, Inc. will post 1.41 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, February 29th. Juniper Networks’s dividend payout ratio is presently 92.63%.

About Juniper Networks

(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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