Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,795 shares of the network equipment provider’s stock after acquiring an additional 380 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Juniper Networks were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JNPR. Norges Bank acquired a new stake in Juniper Networks during the 4th quarter worth approximately $262,618,000. FIL Ltd increased its position in Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock worth $477,593,000 after purchasing an additional 2,167,567 shares in the last quarter. Amundi increased its position in Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider’s stock worth $159,510,000 after purchasing an additional 1,559,884 shares in the last quarter. Melqart Asset Management UK Ltd acquired a new stake in Juniper Networks during the 4th quarter worth approximately $43,413,000. Finally, Hudson Bay Capital Management LP increased its position in Juniper Networks by 70.1% during the 4th quarter. Hudson Bay Capital Management LP now owns 2,811,005 shares of the network equipment provider’s stock worth $105,272,000 after purchasing an additional 1,158,713 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Down 0.2%

NYSE JNPR opened at $35.94 on Wednesday. The stock has a market cap of $12.02 billion, a PE ratio of 34.22, a P/E/G ratio of 1.99 and a beta of 0.78. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $35.76 and a two-hundred day moving average price of $36.31. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The business’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 earnings per share. As a group, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

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 paid a $0.22 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks’s dividend payout ratio (DPR) is presently 83.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays increased their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Wall Street Zen raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.00.

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.