Harbor Capital Advisors Inc. Sells 3,561 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Harbor Capital Advisors Inc. reduced its position in Juniper Networks, Inc. (NYSE:JNPR) by 72.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,352 shares of the network equipment provider’s stock after selling 3,561 shares during the period. Harbor Capital Advisors Inc.’s holdings in Juniper Networks were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in Juniper Networks in the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock valued at $42,000 after purchasing an additional 363 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Juniper Networks by 30.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider’s stock worth $44,000 after buying an additional 283 shares during the period. Huntington National Bank raised its stake in shares of Juniper Networks by 91.9% during the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock worth $47,000 after buying an additional 605 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Juniper Networks by 139.5% during the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock worth $67,000 after buying an additional 1,045 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JNPR. 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 raised their price target on Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.00.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $35.73 on Monday. The stock’s fifty day simple moving average is $35.70 and its 200 day simple moving average is $36.31. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.95 billion, a PE ratio of 41.55, a PEG ratio of 2.20 and a beta of 0.78. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.79.

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

Juniper Networks Announces Dividend

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