Juniper Networks, Inc. (NYSE:JNPR) Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 18.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,032 shares of the network equipment provider’s stock after selling 5,817 shares during the period. Nisa Investment Advisors LLC’s holdings in Juniper Networks were worth $906,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JNPR. EverSource Wealth Advisors LLC increased its position in 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 acquiring an additional 363 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Juniper Networks by 30.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider’s stock valued at $44,000 after acquiring an additional 283 shares during the period. Huntington National Bank increased its position in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock valued at $47,000 after acquiring an additional 605 shares during the period. Hexagon Capital Partners LLC increased its position in Juniper Networks by 39.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the network equipment provider’s stock valued at $49,000 after acquiring an additional 387 shares during the period. Finally, Inlight Wealth Management LLC acquired a new stake in Juniper Networks in the 1st quarter valued at approximately $72,000. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Price Performance

NYSE JNPR opened at $39.95 on Wednesday. The firm has a market cap of $13.36 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.96. The stock’s 50 day simple moving average is $37.02 and its 200 day simple moving average is $36.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.16.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results 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 the consensus estimate of $1.28 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business 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. This represents a $0.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 2nd. Juniper Networks’s payout ratio is 83.81%.

Analysts Set New Price Targets

JNPR has been the topic of several research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Wall Street Zen upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, Barclays lifted their price target on 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 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.