20 Takeover Rumors Hedge Funds Are Buying

6. Juniper Networks, Inc. (NYSE:JNPR)

No. of Hedge Funds: 56

A California-based company, Juniper Networks, Inc. (NYSE:JNPR) is a global provider of networking solutions. Their portfolio includes routers, switches, firewalls, and cloud-based software. The company serves enterprises, service providers, and government clients seeking secure, high-performance connectivity. Despite tough competition from Cisco and Arista Networks, Juniper Networks, Inc. (NYSE:JNPR) thrives in the market through its AI-driven automation and strong presence in telco and cloud infrastructures. The company also becomes an enabler of next-generation digital transformation, using its innovations in network security and scalable architecture.

Hewlett-Packard Enterprise proposed acquiring Juniper Networks, Inc. (NYSE:JNPR) for $14 billion during the latter part of 2024. The announcement generated a surge in the company’s stock price. However, the takeover is currently facing challenges from the US Department of Justice (DOJ). DOJ argued that the merger would eliminate competition in the market for networking equipment by giving rise to two highly dominating companies. With both companies fighting the lawsuit from the DOJ, the merger currently exists in the form of a rumor, affecting the investments in Juniper Networks, Inc. (NYSE:JNPR).

The rumored takeover has attracted 56 hedge funds towards the stock, increasing the institutional interest in the company. The strong institutional confidence elevates the position of the takeover rumor in our list.