Allworth Financial LP Cuts Stake in Juniper Networks, Inc. (NYSE:JNPR)

Allworth Financial LP lessened its position in Juniper Networks, Inc. (NYSE:JNPR) by 35.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,358 shares of the network equipment provider’s stock after selling 1,301 shares during the period. Allworth Financial LP’s holdings in Juniper Networks were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Juniper Networks in the 3rd quarter worth about $61,000. Longfellow Investment Management Co. LLC raised its position in Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after buying an additional 839 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Juniper Networks during the 3rd quarter valued at about $76,000. Finally, Quarry LP grew its stake in shares of Juniper Networks by 89.0% in the third quarter. Quarry LP now owns 2,922 shares of the network equipment provider’s stock worth $114,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

JNPR opened at $35.96 on Tuesday. The company has a 50 day simple moving average of $37.17 and a two-hundred day simple moving average of $37.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The firm has a market cap of $11.90 billion, a P/E ratio of 41.81, a PEG ratio of 2.20 and a beta of 0.87. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Equities 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks’s dividend payout ratio is 102.33%.

Analyst Upgrades and Downgrades

JNPR has been the topic of several research reports. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. 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 note on Wednesday, February 5th. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, February 4th. StockNews.com upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and an average price target of $39.80.

About Juniper Networks

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.