GAMMA Investing LLC Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)

GAMMA Investing LLC boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3,022.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,409 shares of the network equipment provider’s stock after buying an additional 166,887 shares during the quarter. GAMMA Investing LLC owned 0.05% of Juniper Networks worth $6,239,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Juniper Networks by 4.5% during the 4th quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider’s stock worth $577,000 after buying an additional 660 shares during the last quarter. Sather Financial Group Inc increased its holdings in shares of Juniper Networks by 16.5% during the 4th quarter. Sather Financial Group Inc now owns 302,731 shares of the network equipment provider’s stock valued at $11,337,000 after purchasing an additional 42,945 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Juniper Networks by 327.1% during the 4th quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider’s stock valued at $868,000 after purchasing an additional 17,758 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Juniper Networks during the 4th quarter valued at approximately $8,645,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Juniper Networks during the 4th quarter valued at approximately $1,926,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JNPR has been the subject of several recent research reports. Wall Street Zen raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Barclays lifted their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and an average target price of $40.00.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $35.77 on Tuesday. The firm has a market cap of $11.96 billion, a PE ratio of 41.59, a PEG ratio of 2.20 and a beta of 0.78. The firm has a fifty day moving average of $35.58 and a 200 day moving average of $36.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, research analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks’s payout ratio is presently 83.81%.

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.