Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Key Square Capital Management LLC

Key Square Capital Management LLC grew its stake in shares of Juniper Networks, Inc. (NYSE:JNPRGet Rating) by 11.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 575,348 shares of the network equipment provider’s stock after acquiring an additional 60,873 shares during the period. Juniper Networks comprises about 8.5% of Key Square Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Key Square Capital Management LLC owned 0.18% of Juniper Networks worth $16,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tradition Wealth Management LLC lifted its holdings in shares of Juniper Networks by 250.0% in the first quarter. Tradition Wealth Management LLC now owns 700 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Juniper Networks in the second quarter valued at $36,000. CVA Family Office LLC lifted its holdings in shares of Juniper Networks by 85.7% in the second quarter. CVA Family Office LLC now owns 1,300 shares of the network equipment provider’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Juniper Networks by 112.8% in the second quarter. Whittier Trust Co. now owns 2,019 shares of the network equipment provider’s stock valued at $58,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of Juniper Networks in the first quarter valued at $74,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $27.77, for a total transaction of $173,562.50. Following the completion of the transaction, the chief executive officer now owns 832,485 shares in the company, valued at $23,118,108.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Robert Mobassaly sold 4,286 shares of Juniper Networks stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $31.50, for a total value of $135,009.00. Following the completion of the transaction, the senior vice president now owns 19,221 shares in the company, valued at $605,461.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 6,250 shares of Juniper Networks stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $27.77, for a total transaction of $173,562.50. Following the completion of the transaction, the chief executive officer now owns 832,485 shares of the company’s stock, valued at approximately $23,118,108.45. The disclosure for this sale can be found here. Insiders sold a total of 169,286 shares of company stock worth $5,124,684 over the last quarter. Company insiders own 1.30% of the company’s stock.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded down $0.23 during mid-day trading on Thursday, hitting $33.01. The company had a trading volume of 127,255 shares, compared to its average volume of 3,196,547. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.69 and a quick ratio of 1.42. The business’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $28.86. Juniper Networks, Inc. has a 12 month low of $25.18 and a 12 month high of $38.14. The firm has a market cap of $10.71 billion, a P/E ratio of 25.77, a PEG ratio of 2.61 and a beta of 0.92.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Wednesday, November 30th. Juniper Networks’s dividend payout ratio is 65.12%.

Analysts Set New Price Targets

Several analysts recently issued reports on JNPR shares. Morgan Stanley cut their price objective on Juniper Networks from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, October 11th. Raymond James increased their price objective on Juniper Networks from $37.00 to $38.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 26th. StockNews.com started coverage on Juniper Networks in a report on Wednesday, October 12th. They set a “buy” rating for the company. Rosenblatt Securities increased their price objective on Juniper Networks from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, October 26th. Finally, Piper Sandler increased their price objective on Juniper Networks from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.69.

Juniper Networks Profile

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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.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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