Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,497 shares of the network equipment provider’s stock after selling 1,160 shares during the period. Mutual of America Capital Management LLC’s holdings in Juniper Networks were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Xponance Inc. boosted its stake in Juniper Networks by 3.9% in the first quarter. Xponance Inc. now owns 46,643 shares of the network equipment provider’s stock valued at $1,688,000 after acquiring an additional 1,749 shares in the last quarter. Genus Capital Management Inc. boosted its stake in shares of Juniper Networks by 395.3% during the first quarter. Genus Capital Management Inc. now owns 98,530 shares of the network equipment provider’s stock worth $3,566,000 after buying an additional 131,900 shares during the period. Alps Advisors Inc. boosted its stake in shares of Juniper Networks by 7.7% during the first quarter. Alps Advisors Inc. now owns 473,770 shares of the network equipment provider’s stock worth $17,146,000 after buying an additional 34,021 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Juniper Networks by 2.2% during the first quarter. Crossmark Global Holdings Inc. now owns 389,874 shares of the network equipment provider’s stock worth $14,110,000 after buying an additional 8,228 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Juniper Networks by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 16,915 shares of the network equipment provider’s stock worth $612,000 after buying an additional 293 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

NYSE JNPR opened at $39.95 on Monday. The stock has a market capitalization of $13.36 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.20 and a beta of 0.80. Juniper Networks, Inc. has a 52-week low of $33.42 and a 52-week high of $39.96. The firm has a 50-day moving average price of $37.24 and a 200 day moving average price of $36.56. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR) last posted 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. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. Equities research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.20%. Juniper Networks’s dividend payout ratio is currently 83.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JNPR. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Finally, 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 note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Juniper Networks 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.