Juniper Networks, Inc. (NYSE:JNPR) Stock Holdings Increased by Truist Financial Corp

Truist Financial Corp raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,290 shares of the network equipment provider’s stock after buying an additional 781 shares during the quarter. Truist Financial Corp’s holdings in Juniper Networks were worth $4,519,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JNPR. GAMMA Investing LLC acquired a new stake in shares of Juniper Networks during the 4th quarter valued at approximately $28,000. Hartford Financial Management Inc. lifted its position in shares of Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after buying an additional 330 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Juniper Networks by 90.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock valued at $45,000 after buying an additional 729 shares during the period. Finally, Planned Solutions Inc. bought a new stake in shares of Juniper Networks during the 4th quarter valued at about $74,000. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Trading Up 0.5 %

Juniper Networks stock opened at $34.84 on Monday. 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 current ratio of 1.74 and a quick ratio of 1.27. The stock has a market capitalization of $11.32 billion, a PE ratio of 50.49, a price-to-earnings-growth ratio of 8.76 and a beta of 0.98. The firm has a 50 day simple moving average of $36.57 and a 200-day simple moving average of $33.14.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JNPR. Rosenblatt Securities lifted their target price on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. StockNews.com assumed coverage on shares of Juniper Networks in a report on Friday. They set a “hold” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.55.

Insider Activity

In other news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the completion of the sale, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.00, for a total value of $3,645,610.00. Following the transaction, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the completion of the transaction, the chief executive officer now directly owns 829,406 shares in the company, valued at approximately $30,770,962.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,856 shares of company stock worth $8,187,658. 1.29% of the stock is owned by company insiders.

Juniper Networks 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.