Wealth Enhancement Advisory Services LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Wealth Enhancement Advisory Services LLC cut its position in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,220 shares of the network equipment provider’s stock after selling 21,573 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.23% of Juniper Networks worth $27,951,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JNPR. GAMMA Investing LLC acquired a new position in shares of Juniper Networks in the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. lifted its holdings in shares of Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 330 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Juniper Networks in the 4th quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in shares of Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after acquiring an additional 368 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Juniper Networks in the 1st quarter worth approximately $55,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JNPR has been the topic of several recent research reports. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, June 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. StockNews.com initiated coverage on shares of Juniper Networks in a research note on Thursday, June 20th. They set a “hold” rating on the stock. Finally, Barclays upped their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.00.

Read Our Latest Stock Analysis on JNPR

Insider Activity

In other news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $37.04, for a total value of $205,757.20. Following the completion of the transaction, the chief executive officer now owns 1,014,539 shares in the company, valued at approximately $37,578,524.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $37.04, for a total transaction of $205,757.20. Following the completion of the transaction, the chief executive officer now directly owns 1,014,539 shares in the company, valued at approximately $37,578,524.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The disclosure for this sale can be found here. Insiders sold 48,330 shares of company stock worth $1,708,320 in the last 90 days. 1.28% of the stock is currently owned by corporate insiders.

Juniper Networks Stock Performance

Shares of JNPR stock traded up $0.32 during mid-day trading on Thursday, hitting $36.01. The stock had a trading volume of 1,403,529 shares, compared to its average volume of 4,024,019. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The firm has a market cap of $11.70 billion, a PE ratio of 51.80, a PEG ratio of 9.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The company’s 50-day simple moving average is $35.12 and its 200-day simple moving average is $35.27.

Juniper Networks (NYSE:JNPRGet Free Report) last released its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts anticipate that Juniper Networks, Inc. will post 1.08 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were issued a $0.22 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Juniper Networks’s dividend payout ratio is presently 127.54%.

Juniper Networks Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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