Should You Buy Juniper Networks, Inc. (JNPR)?

Juniper Networks, Inc. (NYSE:JNPR) investors should pay attention to an increase in hedge fund interest of late.

Juniper Networks, Inc. (NYSE:JNPR)

According to Zacks Investment Research: “Juniper delivered better-than-expected third-quarter 2013 results. Revenues from products and services also improved on a year-over-year basis and forward guidance was also encouraging. We believe that the increased spending by service providers should also support the company’s near-term fundamentals.”

Keeping this in mind, let’s take a peek at the key action encompassing Juniper Networks, Inc. (NYSE:JNPR).

How have hedgies been trading Juniper Networks, Inc. (NYSE:JNPR)?

At Q3′s end, a total of 33 of the hedge funds Insider Monkey tracks were bullish on this stock, a change of 50 percent from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes substantially.

Of the funds tracked by Insider Monkey, Ric Dillon’s Diamond Hill Capital had the biggest position in Juniper Networks, Inc. (NYSE:JNPR), worth close to $104.3 million, corresponding to 1 percent of its total 13F portfolio. On Diamond Hill Capital’s heels is Andor Capital Management, led by Daniel Benton, holding a $34.8 million position; 2.6 percent ¬†of its 13F portfolio is allocated to the stock. Some other hedge funds with similar optimism contain D. E. Shaw’s D E Shaw, Israel Englander’s Millennium Management and Phill Gross and Robert Atchinson’s Adage Capital Management.

Now, some big names were leading the bulls’ herd. Sandler Capital Management, managed by Andrew Sandler, created the most outsized call position in Juniper Networks, Inc. (NYSE:JNPR). Sandler Capital Management had 14.9 million invested in the company at the end of the quarter. George Soros’s Soros Fund Management also initiated a $13.7 million position during the quarter. The other funds with brand new JNPR positions are Millennium Management Subsidiary’s Green Arrow Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Ray Dalio’s Bridgewater Associates.

What do corporate executives and insiders think about Juniper Networks, Inc. (NYSE:JNPR)?

Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past six months. Over the last 180-day time frame, Juniper Networks, Inc. (NYSE:JNPR) has experienced zero unique insiders buying, and six insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Juniper Networks, Inc. (NYSE:JNPR). These stocks are Cisco Systems, Inc. (NASDAQ:CSCO), Finisar Corporation (NASDAQ:FNSR), Riverbed Technology, Inc. (NASDAQ:RVBD), Aruba Networks, Inc. (NASDAQ:ARUN), and Palo Alto Networks Inc (NYSE:PANW). This group of stocks belong to the networking & communication devices industry and their market caps are closest to JNPR’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Cisco Systems, Inc. (NASDAQ:CSCO) 73 0 10
Finisar Corporation (NASDAQ:FNSR) 29 0 7
Riverbed Technology, Inc. (NASDAQ:RVBD) 18 0 4
Aruba Networks, Inc. (NASDAQ:ARUN) 22 0 5
Palo Alto Networks Inc (NYSE:PANW) 24 0 6

Juniper Networks, Inc. was the second most popular networking & communication devices industry stock among the hedge funds Insider Monkey tracks.


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