Wipfli Financial Advisors LLC Purchases New Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Wipfli Financial Advisors LLC purchased a new stake in Juniper Networks, Inc. (NYSE:JNPRGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,178 shares of the network equipment provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Juniper Networks by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 37,812,549 shares of the network equipment provider’s stock worth $1,405,114,000 after acquiring an additional 463,356 shares during the period. Legal & General Group Plc grew its holdings in Juniper Networks by 0.4% during the 2nd quarter. Legal & General Group Plc now owns 6,527,273 shares of the network equipment provider’s stock worth $186,028,000 after acquiring an additional 25,317 shares during the period. Dimensional Fund Advisors LP grew its holdings in Juniper Networks by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,775,661 shares of the network equipment provider’s stock worth $177,471,000 after acquiring an additional 123,177 shares during the period. Goldman Sachs Group Inc. grew its holdings in Juniper Networks by 11.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,980,313 shares of the network equipment provider’s stock worth $84,939,000 after acquiring an additional 297,322 shares during the period. Finally, Millennium Management LLC grew its holdings in Juniper Networks by 477.8% during the 2nd quarter. Millennium Management LLC now owns 2,736,231 shares of the network equipment provider’s stock worth $77,983,000 after acquiring an additional 2,262,674 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.

Insider Activity at Juniper Networks

In related news, Director Scott Kriens sold 140,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $30.42, for a total value of $4,258,800.00. Following the transaction, the director now owns 1,860,000 shares in the company, valued at approximately $56,581,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Scott Kriens sold 140,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $30.42, for a total value of $4,258,800.00. Following the transaction, the director now owns 1,860,000 shares in the company, valued at approximately $56,581,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 6,250 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $32.49, for a total transaction of $203,062.50. Following the completion of the transaction, the chief executive officer now owns 794,985 shares in the company, valued at approximately $25,829,062.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,186 shares of company stock worth $5,204,575. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on JNPR shares. StockNews.com assumed coverage on shares of Juniper Networks in a report on Wednesday, October 12th. They set a “buy” rating for the company. Rosenblatt Securities lifted their price target on shares of Juniper Networks from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. Piper Sandler lifted their price target on shares of Juniper Networks from $31.00 to $32.00 in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Juniper Networks from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 20th. Finally, KeyCorp lifted their price target on shares of Juniper Networks from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $34.13.

Juniper Networks Stock Down 1.9 %

Shares of JNPR stock opened at $31.45 on Friday. The firm has a market capitalization of $10.21 billion, a P/E ratio of 24.38, a PEG ratio of 2.35 and a beta of 0.91. The firm’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $29.52. Juniper Networks, Inc. has a 1 year low of $25.18 and a 1 year high of $38.14. The company has a current ratio of 1.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37.

Juniper Networks (NYSE:JNPRGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.35 billion. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. On average, equities analysts predict that Juniper Networks, Inc. will post 1.42 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.67%. Juniper Networks’s dividend payout ratio is presently 65.12%.

About Juniper Networks

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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

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

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