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Cwm LLC increases stakes in Ju...The spike in ownership is indicative of the institution's growing trust in the network equipment provider
Through a 22.1% increase in the early quarter of this year, Cwm LLC has increased its stake in Juniper Networks, Inc. considerably. As of now, Cwm LLC owns 4,423 Juniper Networks shares, valued at about $164,000, according to their latest Form 13F filing with the Securities & Exchange Commission. The spike in ownership is indicative of the institution's growing trust in the network equipment provider. Recently, a number of other significant investors have also modified their holdings in Juniper Networks, suggesting an emerging trend of institutional interest in the company. In recent quarters, a number of other firms have either raised or lowered their shares in Juniper Networks, while GAMMA Investing LLC acquired a new position. Trading on the New York Stock Exchange, Juniper Networks has a 52-week low of $24.87 and a high of $38.04. Earnings per share for the most recent quarter were $0.09, which was below analyst forecasts. In spite of this, Juniper Networks continues to pay out dividends with an annual yield of 2.47%.
The consensus rating of analysts for Juniper Networks is "Hold," with an expected estimate of $35.00 per share. The closing price of Juniper Networks' shares on Monday was $35.69, indicating the continued optimism of investors despite market turbulence.