M&T Bank Corp Grows Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

M&T Bank Corp lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,132 shares of the network equipment provider’s stock after purchasing an additional 2,117 shares during the quarter. M&T Bank Corp’s holdings in Juniper Networks were worth $867,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JNPR. Venturi Wealth Management LLC raised its stake in shares of Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares during the last quarter. Longfellow Investment Management Co. LLC raised its stake in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after purchasing an additional 839 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Juniper Networks during the third quarter worth approximately $76,000. Smartleaf Asset Management LLC raised its stake in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock worth $78,000 after purchasing an additional 616 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Juniper Networks by 32.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider’s stock worth $99,000 after purchasing an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Down 0.6 %

JNPR opened at $35.62 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The firm has a market cap of $11.87 billion, a P/E ratio of 41.42, a PEG ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The business’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $37.65.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. As a group, equities research analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, March 3rd. Juniper Networks’s payout ratio is currently 102.33%.

Insider Activity at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the sale, the chief operating officer now directly owns 94,771 shares of the company’s stock, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

JNPR has been the subject of several research analyst reports. Barclays increased their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, February 4th. Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, StockNews.com cut Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.80.

About Juniper Networks

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.