Juniper Networks, Inc. (NYSE:JNPR) Position Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 913,047 shares of the network equipment provider’s stock after buying an additional 29,990 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Juniper Networks were worth $34,194,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Juniper Networks in the third quarter worth approximately $61,000. Longfellow Investment Management Co. LLC lifted its position in shares of Juniper Networks by 84.7% in the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after purchasing an additional 839 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Juniper Networks in the third quarter worth approximately $76,000. Finally, Quarry LP lifted its position in shares of Juniper Networks by 89.0% in the third quarter. Quarry LP now owns 2,922 shares of the network equipment provider’s stock worth $114,000 after purchasing an additional 1,376 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on JNPR. Argus lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Barclays increased their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Tuesday, February 4th. Finally, StockNews.com upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.80.

Juniper Networks Trading Up 0.6 %

Shares of JNPR stock opened at $36.17 on Wednesday. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $37.31 and its two-hundred day moving average is $37.98. The company has a market cap of $11.98 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 7.95 and a beta of 0.87.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Equities analysts predict that Juniper Networks, Inc. will post 1.27 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 annualized dividend and a yield of 2.43%. Juniper Networks’s dividend payout ratio (DPR) is presently 102.33%.

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.