SVB Wealth LLC Takes Position in Juniper Networks, Inc. (NYSE:JNPR)

SVB Wealth LLC bought a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,992 shares of the network equipment provider’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in Juniper Networks by 4.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock worth $1,286,000 after buying an additional 2,134 shares in the last quarter. Nordea Investment Management AB raised its position in Juniper Networks by 2,096.4% in the fourth quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after purchasing an additional 431,855 shares during the period. Assenagon Asset Management S.A. raised its position in Juniper Networks by 71.8% in the third quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider’s stock valued at $9,030,000 after purchasing an additional 135,823 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Juniper Networks by 112.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock valued at $5,031,000 after purchasing an additional 95,672 shares during the period. Finally, Retirement Systems of Alabama raised its position in Juniper Networks by 37.2% in the third quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider’s stock valued at $46,066,000 after purchasing an additional 449,575 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

JNPR has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Rosenblatt Securities lifted their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Barclays reaffirmed an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. StockNews.com started coverage on Juniper Networks in a research note on Wednesday, April 17th. They issued a “hold” rating for the company. Finally, Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.27.

Juniper Networks Trading Up 0.2 %

JNPR opened at $36.12 on Tuesday. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 7.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The business has a fifty day moving average price of $36.93 and a 200 day moving average price of $32.63.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. Sell-side analysts expect that Juniper Networks, Inc. will post 1.37 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is 92.63%.

Insiders Place Their Bets

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the completion of the sale, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Manoj Leelanivas sold 98,530 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares of the company’s stock, valued at $2,726,308. The disclosure for this sale can be found here. Insiders sold 216,302 shares of company stock valued at $8,005,602 in the last ninety days. Insiders own 1.29% of the company’s stock.

Juniper Networks 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.