First Citizens Bank & Trust Co. Sells 7,974 Shares of Juniper Networks, Inc. (NYSE:JNPR)

First Citizens Bank & Trust Co. cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,420 shares of the network equipment provider’s stock after selling 7,974 shares during the period. First Citizens Bank & Trust Co.’s holdings in Juniper Networks were worth $1,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in Juniper Networks in the fourth quarter valued at about $95,829,000. Pacer Advisors Inc. raised its stake in shares of Juniper Networks by 11,418.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock valued at $83,401,000 after acquiring an additional 2,804,509 shares during the period. BlackRock Inc. increased its stake in Juniper Networks by 8.8% in the first quarter. BlackRock Inc. now owns 34,426,578 shares of the network equipment provider’s stock worth $1,184,963,000 after purchasing an additional 2,776,885 shares during the period. State Street Corp grew its position in shares of Juniper Networks by 10.9% during the 2nd quarter. State Street Corp now owns 16,412,994 shares of the network equipment provider’s stock worth $514,219,000 after buying an additional 1,613,651 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Juniper Networks by 227.6% in the 4th quarter. Man Group plc now owns 1,718,992 shares of the network equipment provider’s stock valued at $54,939,000 after acquiring an additional 1,194,259 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

JNPR has been the topic of several recent research reports. Rosenblatt Securities upped their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a 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. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Barclays reiterated an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Finally, StockNews.com started coverage on Juniper Networks in a research note on Monday. They set a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Juniper Networks has a consensus rating of “Hold” and a consensus target price of $34.27.

Read Our Latest Stock Report on JNPR

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the transaction, the chief operating officer now directly owns 73,684 shares in the company, valued at approximately $2,726,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $29.96, for a total value of $166,457.76. Following the completion of the transaction, the chief executive officer now directly owns 846,074 shares of the company’s stock, valued at approximately $25,348,377.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the chief operating officer now owns 73,684 shares in the company, valued at approximately $2,726,308. The disclosure for this sale can be found here. Insiders have sold 216,244 shares of company stock worth $7,960,214 in the last three months. 1.29% of the stock is owned by insiders.

Juniper Networks Trading Down 0.1 %

Shares of NYSE:JNPR traded down $0.04 during trading on Tuesday, reaching $37.01. 650,959 shares of the stock were exchanged, compared to its average volume of 5,278,332. The firm’s 50-day moving average price is $37.04 and its 200 day moving average price is $31.69. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 7.59 and a beta of 0.98. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80.

Juniper Networks (NYSE:JNPRGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. On average, sell-side analysts anticipate that Juniper Networks, Inc. will post 1.37 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

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

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)

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