Twelve Points Wealth Management LLC Sells 428 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Twelve Points Wealth Management LLC lowered its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,430 shares of the network equipment provider’s stock after selling 428 shares during the period. Twelve Points Wealth Management LLC’s holdings in Juniper Networks were worth $1,108,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Juniper Networks by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider’s stock valued at $1,212,417,000 after purchasing an additional 137,652 shares during the period. Pacer Advisors Inc. raised its stake in Juniper Networks by 14,314.7% during the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after buying an additional 4,798,583 shares during the period. Bank of New York Mellon Corp boosted its holdings in Juniper Networks by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock worth $115,125,000 after acquiring an additional 114,795 shares in the last quarter. Alpine Associates Management Inc. grew its stake in Juniper Networks by 9.1% in the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after acquiring an additional 197,400 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Juniper Networks during the first quarter valued at approximately $86,494,000. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Trading Up 0.4 %

Shares of JNPR stock opened at $39.14 on Thursday. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $39.79. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $38.80 and a 200-day moving average of $37.00. The firm has a market cap of $12.72 billion, a P/E ratio of 56.72, a PEG ratio of 11.26 and a beta of 0.93.

Juniper Networks (NYSE:JNPR) last released its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Juniper Networks, Inc. will post 0.97 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. Juniper Networks’s dividend payout ratio is presently 127.54%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JNPR. StockNews.com initiated coverage on Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Barclays lowered their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Citigroup restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Juniper Networks currently has a consensus rating of “Hold” and an average price target of $37.63.

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.