Rhumbline Advisers Has $22.90 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Rhumbline Advisers decreased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 611,595 shares of the network equipment provider’s stock after selling 11,097 shares during the period. Rhumbline Advisers’ holdings in Juniper Networks were worth $22,904,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JNPR. ABC Arbitrage SA acquired a new stake in shares of Juniper Networks during the fourth quarter worth about $5,225,000. Asset Management One Co. Ltd. raised its position in shares of Juniper Networks by 9.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 157,338 shares of the network equipment provider’s stock worth $5,902,000 after purchasing an additional 13,030 shares during the period. Sather Financial Group Inc raised its position in shares of Juniper Networks by 16.5% during the fourth quarter. Sather Financial Group Inc now owns 302,731 shares of the network equipment provider’s stock worth $11,337,000 after purchasing an additional 42,945 shares during the period. Empowered Funds LLC raised its position in shares of Juniper Networks by 327.1% during the fourth quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider’s stock worth $868,000 after purchasing an additional 17,758 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Juniper Networks by 3.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,499 shares of the network equipment provider’s stock worth $1,704,000 after purchasing an additional 1,377 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Up 0.1 %

JNPR stock opened at $36.09 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $37.22 and a two-hundred day moving average price of $37.90. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 2.20 and a beta of 0.87. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s dividend payout ratio is 102.33%.

Wall Street Analyst Weigh In

JNPR has been the topic of a number of research analyst reports. Barclays raised their price target on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Argus downgraded Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, February 4th. StockNews.com upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus price target of $39.80.

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.