Nisa Investment Advisors LLC Has $906,000 Stake in Juniper Networks, Inc. (NYSE:JNPR)

Nisa Investment Advisors LLC reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 18.9% in the 1st quarter, Holdings Channel reports. The firm 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.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Juniper Networks by 47.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock valued at $42,000 after buying an additional 363 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Juniper Networks by 30.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider’s stock valued at $44,000 after buying an additional 283 shares during the period. Huntington National Bank lifted its holdings in Juniper Networks by 91.9% in the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock valued at $47,000 after buying an additional 605 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Juniper Networks by 39.6% in the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the network equipment provider’s stock valued at $49,000 after buying an additional 387 shares during the period. Finally, Inlight Wealth Management LLC acquired a new position in Juniper Networks in the first quarter valued at $72,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on JNPR shares. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Barclays raised their target price on Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.00.

Juniper Networks Price Performance

JNPR stock opened at $39.95 on Wednesday. The firm’s 50-day moving average price is $37.02 and its two-hundred day moving average price is $36.51. Juniper Networks, Inc. has a 12-month low of $33.42 and a 12-month high of $39.96. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 2.20 and a beta of 0.80. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. Juniper Networks’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, equities analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

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

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.