Two Sigma Advisers LP grew its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 84.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,581,931 shares of the network equipment provider’s stock after purchasing an additional 1,644,295 shares during the quarter. Two Sigma Advisers LP’s holdings in Juniper Networks were worth $102,085,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stone Ridge Asset Management LLC purchased a new position in shares of Juniper Networks in the fourth quarter valued at approximately $2,611,000. Franklin Resources Inc. lifted its stake in Juniper Networks by 182.1% in the fourth quarter. Franklin Resources Inc. now owns 22,034 shares of the network equipment provider’s stock worth $628,000 after acquiring an additional 14,223 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Juniper Networks by 3.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 344,611 shares of the network equipment provider’s stock worth $9,822,000 after acquiring an additional 9,998 shares during the last quarter. Advisor Group Inc. lifted its stake in Juniper Networks by 207.1% in the fourth quarter. Advisor Group Inc. now owns 31,986 shares of the network equipment provider’s stock worth $911,000 after acquiring an additional 21,572 shares during the last quarter. Finally, Cypress Capital Group lifted its stake in Juniper Networks by 37.0% in the fourth quarter. Cypress Capital Group now owns 13,741 shares of the network equipment provider’s stock worth $392,000 after acquiring an additional 3,712 shares during the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.
Shares of Juniper Networks, Inc. (JNPR) traded up $0.16 during trading on Tuesday, hitting $26.50. 117,759 shares of the stock were exchanged, compared to its average volume of 4,341,122. The firm has a market cap of $9,085.49, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, February 28th. Juniper Networks’s payout ratio is presently 88.89%.
Juniper Networks declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
JNPR has been the subject of a number of recent research reports. Wells Fargo & Co initiated coverage on shares of Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price target for the company. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Robert W. Baird reiterated a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Thursday, November 30th. Raymond James Financial set a $31.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus initiated coverage on shares of Juniper Networks in a research note on Thursday, December 14th. They issued a “hold” rating and a $28.00 price target for the company. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.61.
In other news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.17, for a total value of $261,700.00. Following the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $144,746.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $139,072.00. The disclosure for this sale can be found here. Insiders sold a total of 42,813 shares of company stock worth $1,124,709 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
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Juniper Networks Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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