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Mackenzie Financial Corp acquires 139,770 shares of Juniper Networks, Inc. (NYSE:JNPR)


Mackenzie Financial Corp has sold its interest in Juniper Networks, Inc. (NYSE:JNPR – Free Report) increased 61.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 367,916 shares of the networking equipment supplier, after purchasing an additional 139,770 shares during the quarter. Mackenzie Financial Corp’s holdings in Juniper Networks were worth $10,846,000 at the end of the most recent reporting period.

Other major investors also recently bought and sold shares of the company. Hartford Financial Management Inc. strengthened its position in Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the networking equipment supplier worth $29,000, after buying another 330 shares in the last quarter. Ronald Blue Trust Inc. strengthened its position in Juniper Networks by 74.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the networking equipment supplier worth $30,000, after buying an additional 456 shares in the last quarter. Blue Trust Inc. strengthened its position in Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the networking equipment supplier worth $40,000, after buying an additional 368 shares in the last quarter. Lazard Asset Management LLC strengthened its position in Juniper Networks by 2,224.7% in the second quarter. Lazard Asset Management LLC now owns 1,976 shares of the networking equipment supplier’s stock worth $61,000 after purchasing an additional 1,891 shares in the last quarter. Finally, Sunbelt bought Securities Inc. a new position in Juniper Networks in the first quarter worth approximately $84,000. 91.95% of the shares are currently held by institutional investors.

Analysts set new price targets

A number of research firms have recently weighed in on JNPR. StockNews.com began reporting on Juniper Networks in a research report on Wednesday. They have set a ‘hold’ rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11. Barclays reaffirmed an “equalweight” rating on shares of Juniper Networks in a research report on Wednesday, January 10. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Juniper Networks has a consensus rating of ‘Hold’ and an average price target of $34.27.

Get our latest analysis on Juniper Networks

Juniper Networks shares fell 0.3%

NYSE JNPR opened at $36.06 on Friday. The stock’s 50-day moving average is $36.95 and its 200-day moving average is $32.49. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 37.96, a price-to-earnings ratio of 7.41 and a beta of 0.98.

Juniper Networks (NYSE:JNPR – Get Free Report) posted its latest quarterly results on Tuesday, January 30. The networking equipment supplier reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The company had revenue of $1.36 billion during the quarter, compared to analyst expectations of $1.41 billion. Research analysts predict that Juniper Networks, Inc. will record a profit per share of 1.37 for the current financial year.

Dividend announcement from Juniper Networks

The company also recently announced a quarterly dividend, which was paid on Friday, March 22. A dividend of $0.22 was paid to known shareholders on Friday, March 1. This represents a dividend of $0.88 annually and a yield of 2.44%. The ex-dividend date was Thursday, February 29. Juniper Networks’ payout ratio is 92.63%.

Insiders place their bets

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12. The shares sold at an average price of $37.00, for a total value of $3,645,610.00. Following the sale, the Chief Operating Officer now owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Friday, April 5. The stock sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the CEO now owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12. The shares sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the Chief Operating Officer now directly owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The explanation of this sale can be found here. Insiders sold a total of 216,302 shares of the company’s stock, worth $8,005,602, in the last quarter. Currently, 1.29% of the shares are owned by insiders.

About Juniper Networks

(Free report)

Juniper Networks, Inc designs, develops and sells networking 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; SDN controllers for a wide network; and session smart routers.

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Would you like to see which other hedge funds own JNPR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Juniper Networks, Inc. (NYSE:JNPR – Free Report).

Quarterly Institutional Ownership for Juniper Networks (NYSE:JNPR)



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