Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in Juniper Networks, Inc. (NYSE:JNPR) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,105 shares of the network equipment provider’s stock after selling 3,079 shares during the period. Parallel Advisors LLC’s holdings in Juniper Networks were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp lifted its position in Juniper Networks by 17.4% in the fourth quarter. Cibc World Markets Corp now owns 52,174 shares of the network equipment provider’s stock worth $1,954,000 after purchasing an additional 7,741 shares during the period. Natixis Advisors LLC lifted its position in Juniper Networks by 209.3% in the fourth quarter. Natixis Advisors LLC now owns 85,977 shares of the network equipment provider’s stock worth $3,220,000 after purchasing an additional 58,178 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Juniper Networks by 18.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 146,935 shares of the network equipment provider’s stock valued at $5,488,000 after acquiring an additional 22,899 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Juniper Networks during the 4th quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock valued at $42,000 after acquiring an additional 363 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.28% of the stock is owned by corporate insiders.

Juniper Networks Price Performance

JNPR opened at $36.15 on Friday. The stock has a fifty day moving average of $36.55 and a 200-day moving average of $37.52. The firm has a market capitalization of $12.04 billion, a P/E ratio of 42.03, a PEG ratio of 2.20 and a beta of 0.86. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR) last released its 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 net margin of 5.67% and a return on equity of 7.57%. Equities analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.43%. Juniper Networks’s dividend payout ratio is 102.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays increased their price objective on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. StockNews.com upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Argus downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, 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 research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.80.

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.