Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 30.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,473 shares of the network equipment provider’s stock after acquiring an additional 8,104 shares during the period. Sierra Summit Advisors LLC’s holdings in Juniper Networks were worth $1,291,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNPR. EverSource Wealth Advisors LLC grew its position in shares of Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock valued at $42,000 after acquiring an additional 363 shares during the period. Gould Capital LLC raised its holdings in Juniper Networks by 1.9% in the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock worth $1,142,000 after purchasing an additional 534 shares during the period. Harbor Capital Advisors Inc. boosted its position in Juniper Networks by 12.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after purchasing an additional 549 shares in the last quarter. Huntington National Bank grew its holdings in Juniper Networks by 91.9% in the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock valued at $47,000 after purchasing an additional 605 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Juniper Networks by 41.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock valued at $78,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on JNPR shares. Barclays increased their target price on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Juniper Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Juniper Networks Price Performance

Juniper Networks stock opened at $33.94 on Monday. The company has a fifty day simple moving average of $35.93 and a 200-day simple moving average of $37.28. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a 52-week low of $33.72 and a 52-week high of $39.79.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. On average, equities analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Monday, March 3rd. Juniper Networks’s dividend payout ratio (DPR) is currently 102.33%.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.28% of the stock is owned by company insiders.

Juniper Networks Company Profile

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.