Amalgamated Bank Buys 1,085 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Amalgamated Bank increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,608 shares of the network equipment provider’s stock after acquiring an additional 1,085 shares during the quarter. Amalgamated Bank’s holdings in Juniper Networks were worth $2,338,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Juniper Networks by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider’s stock worth $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. FIL Ltd increased its holdings in shares of Juniper Networks by 20.5% in the fourth 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 during the period. Geode Capital Management LLC raised its position in shares of Juniper Networks by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider’s stock worth $370,461,000 after buying an additional 356,672 shares in the last quarter. Norges Bank purchased a new stake in shares of Juniper Networks in the fourth quarter worth $262,618,000. Finally, Invesco Ltd. boosted its stake in Juniper Networks by 17.8% during the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider’s stock valued at $244,372,000 after buying an additional 987,431 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $39.95 on Friday. The business has a 50-day moving average price of $36.52 and a two-hundred day moving average price of $36.39. Juniper Networks, Inc. has a 12-month low of $33.42 and a 12-month high of $39.96. 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 firm has a market cap of $13.36 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. Juniper Networks’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd were issued a $0.22 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.20%. Juniper Networks’s payout ratio is 83.81%.

Wall Street Analysts Forecast Growth

JNPR has been the topic of several recent analyst reports. Wall Street Zen raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, 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 research report on Monday, May 5th. Five investment 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.