ClearAlpha Technologies LP Purchases New Stake in Juniper Networks, Inc. (NYSE:JNPR)

ClearAlpha Technologies LP purchased a new position in Juniper Networks, Inc. (NYSE:JNPR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 142,518 shares of the network equipment provider’s stock, valued at approximately $5,337,000. Juniper Networks comprises about 3.7% of ClearAlpha Technologies LP’s portfolio, making the stock its 9th largest position.

A number of other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in shares of Juniper Networks during the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock worth $42,000 after acquiring an additional 363 shares during the period. Huntington National Bank raised its position in shares of Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock worth $47,000 after acquiring an additional 605 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock valued at $67,000 after purchasing an additional 1,045 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Transactions at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm’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 sale, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.28% of the company’s stock.

Juniper Networks Stock Down 0.4 %

JNPR stock opened at $34.34 on Monday. The stock has a market capitalization of $11.44 billion, a P/E ratio of 39.93, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The business has a fifty day moving average price of $35.64 and a 200-day moving average price of $36.93.

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%. Equities analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, March 3rd. Juniper Networks’s payout ratio is currently 102.33%.

Analyst Upgrades and Downgrades

JNPR has been the subject of several recent research reports. Barclays raised their price objective on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. StockNews.com cut Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 28th. Finally, Argus lowered Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.