iA Global Asset Management Inc. Has $1.38 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

iA Global Asset Management Inc. reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,836 shares of the network equipment provider’s stock after selling 2,852 shares during the quarter. iA Global Asset Management Inc.’s holdings in Juniper Networks were worth $1,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Amundi lifted its stake in shares of Juniper Networks by 60.1% in the fourth quarter. Amundi now owns 4,157,158 shares of the network equipment provider’s stock worth $159,510,000 after acquiring an additional 1,559,884 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Juniper Networks in the third quarter worth approximately $25,337,000. Twin Securities Inc. lifted its stake in shares of Juniper Networks by 760.3% in the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after acquiring an additional 599,420 shares during the period. State Street Corp lifted its stake in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after acquiring an additional 574,418 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock worth $21,552,000 after acquiring an additional 552,580 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the sale, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday, February 4th. StockNews.com raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Argus lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Barclays boosted their price target on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Five 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.80.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $36.07 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79. The stock’s 50 day moving average is $36.50 and its 200-day moving average is $37.50. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.20 and a beta of 0.86.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Sell-side analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 annualized dividend and a yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is currently 102.33%.

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.