CIBC Asset Management Inc Increases Position in Juniper Networks, Inc. (NYSE:JNPR)

CIBC Asset Management Inc lifted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,563 shares of the network equipment provider’s stock after purchasing an additional 1,627 shares during the period. CIBC Asset Management Inc’s holdings in Juniper Networks were worth $2,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sather Financial Group Inc raised its stake in Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after buying an additional 38,936 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after acquiring an additional 21,651 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Juniper Networks by 25.5% during the fourth quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider’s stock worth $1,412,000 after purchasing an additional 7,668 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after purchasing an additional 33,016 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Juniper Networks in the fourth quarter valued at approximately $1,374,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $35.99 on Friday. Juniper Networks, Inc. has a one year low of $33.72 and a one year high of $39.79. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 2.20 and a beta of 0.87. The company has a 50-day simple moving average of $37.20 and a 200-day simple moving average of $37.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) 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%. On average, analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, March 3rd. Juniper Networks’s dividend payout ratio is presently 102.33%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JNPR shares. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. StockNews.com raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays boosted their target price on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.