5 S&P 500 Stocks On the Move

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

Number of Hedge Fund Holders: 30  

Return Over Past Month as of January 18: 27.3%

Juniper Networks, Inc. (NYSE:JNPR) designs, develops, and sells network products and services worldwide. Juniper Networks, Inc. (NYSE:JNPR) has soared in the past few weeks on the back of speculation that tech giant HP would be purchasing the firm in a deal worth more than $14 billion. The deal, confirmed by HP in the second week of January, values the company at $40 per share, up more than 32% to the share price at closing on January 9. 

At the end of the third quarter of 2023, 30 hedge funds in the database of Insider Monkey held stakes worth $271 million in Juniper Networks, Inc. (NYSE:JNPR), compared to 29 in the preceding quarter worth $378 million. 

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