Huntington National Bank Purchases 605 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Huntington National Bank increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 91.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,263 shares of the network equipment provider’s stock after acquiring an additional 605 shares during the quarter. Huntington National Bank’s holdings in Juniper Networks were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JNPR. Groupama Asset Managment bought a new stake in shares of Juniper Networks in the 4th quarter worth approximately $1,017,000. Trexquant Investment LP acquired a new position in shares of Juniper Networks in the fourth quarter valued at $3,955,000. Geode Capital Management LLC raised its stake in shares of Juniper Networks by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider’s stock valued at $370,461,000 after purchasing an additional 356,672 shares in the last quarter. Franklin Resources Inc. lifted its position in Juniper Networks by 91.6% in the fourth quarter. Franklin Resources Inc. now owns 402,913 shares of the network equipment provider’s stock worth $15,089,000 after purchasing an additional 192,575 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Juniper Networks by 19.2% during the fourth quarter. Alliancebernstein L.P. now owns 2,120,532 shares of the network equipment provider’s stock worth $79,414,000 after buying an additional 341,423 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Up 0.7 %

Juniper Networks stock opened at $34.19 on Tuesday. The stock has a 50-day simple moving average of $35.84 and a 200 day simple moving average of $37.25. The stock has a market capitalization of $11.39 billion, a P/E ratio of 39.75, a PEG ratio of 2.20 and a beta of 0.84. 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, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79.

Juniper Networks (NYSE:JNPR) last issued 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%. Analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.57%. Juniper Networks’s payout ratio is presently 102.33%.

Insider Transactions at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.28% of the company’s stock.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of analyst reports. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, February 4th. Barclays lifted their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the company 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 note on Friday, March 28th. Finally, Argus cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.