Juniper Networks, Inc. (NYSE:JNPR) Stock Position Raised by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 90.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,531 shares of the network equipment provider’s stock after purchasing an additional 729 shares during the period. Lindbrook Capital LLC’s holdings in Juniper Networks were worth $45,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. abrdn plc grew its stake in Juniper Networks by 59.8% during the 4th quarter. abrdn plc now owns 170,509 shares of the network equipment provider’s stock valued at $5,027,000 after acquiring an additional 63,830 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Juniper Networks by 24.0% during the 4th quarter. Federated Hermes Inc. now owns 17,991 shares of the network equipment provider’s stock valued at $530,000 after buying an additional 3,478 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Juniper Networks by 5.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,274 shares of the network equipment provider’s stock valued at $834,000 after buying an additional 1,559 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Juniper Networks in the 4th quarter valued at approximately $236,000. Finally, Mackenzie Financial Corp grew its stake in shares of Juniper Networks by 61.3% in the 4th quarter. Mackenzie Financial Corp now owns 367,916 shares of the network equipment provider’s stock valued at $10,846,000 after buying an additional 139,770 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Price Performance

Shares of JNPR opened at $34.95 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80. The firm has a market capitalization of $11.35 billion, a PE ratio of 36.79, a P/E/G ratio of 7.38 and a beta of 0.98. The stock has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $32.73. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. Sell-side analysts predict that Juniper Networks, Inc. will post 1.35 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio is presently 92.63%.

Analysts Set New Price Targets

Several research firms have commented on JNPR. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. StockNews.com began coverage on Juniper Networks in a report on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Finally, Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and a consensus price target of $34.27.

Insider Buying and Selling at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the completion of the transaction, the senior vice president now directly owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,302 shares of company stock worth $8,005,602. Corporate insiders own 1.29% of the company’s stock.

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.