Zurcher Kantonalbank Zurich Cantonalbank Sells 101,392 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 316,557 shares of the network equipment provider’s stock after selling 101,392 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Juniper Networks worth $11,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Venturi Wealth Management LLC lifted its holdings in 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 acquiring an additional 447 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Juniper Networks by 139.5% during the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock worth $67,000 after purchasing an additional 1,045 shares during the period. Longfellow Investment Management Co. LLC lifted its holdings in shares of Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after purchasing an additional 839 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Juniper Networks during the 3rd quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Juniper Networks by 41.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock valued at $78,000 after purchasing an additional 616 shares during the period. 91.95% of the stock is owned by institutional investors.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.28% of the company’s stock.

Juniper Networks Stock Up 0.2 %

Juniper Networks stock opened at $35.61 on Thursday. The company has a fifty day simple moving average of $36.81 and a 200 day simple moving average of $37.63. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79. The company has a market cap of $11.86 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86.

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

Juniper Networks Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on JNPR. Barclays raised their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com cut shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, February 4th. Finally, Argus lowered Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.80.

Juniper Networks Company 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.