Walled Lake Planning & Wealth Management LLC trimmed its holdings in Juniper Networks, Inc. (NYSE:JNPR – Get Rating) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,049 shares of the network equipment provider’s stock after selling 5,405 shares during the period. Juniper Networks comprises about 3.2% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Juniper Networks were worth $5,537,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Juniper Networks by 2.2% during the third quarter. BlackRock Inc. now owns 31,321,280 shares of the network equipment provider’s stock worth $861,961,000 after buying an additional 667,750 shares during the period. FIL Ltd boosted its position in shares of Juniper Networks by 1.0% during the third quarter. FIL Ltd now owns 10,136,523 shares of the network equipment provider’s stock worth $278,957,000 after buying an additional 103,018 shares during the period. Geode Capital Management LLC boosted its position in shares of Juniper Networks by 5.8% during the third quarter. Geode Capital Management LLC now owns 6,923,481 shares of the network equipment provider’s stock worth $190,255,000 after buying an additional 379,713 shares during the period. Invesco Ltd. boosted its position in shares of Juniper Networks by 1.3% during the third quarter. Invesco Ltd. now owns 6,735,935 shares of the network equipment provider’s stock worth $185,372,000 after buying an additional 83,548 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Juniper Networks by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,339,346 shares of the network equipment provider’s stock worth $174,457,000 after acquiring an additional 951,771 shares in the last quarter. 92.78% of the stock is owned by hedge funds and other institutional investors.
JNPR has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Juniper Networks from $33.00 to $36.00 in a report on Thursday, January 20th. Piper Sandler dropped their target price on Juniper Networks from $36.00 to $34.00 in a report on Wednesday, April 27th. StockNews.com initiated coverage on Juniper Networks in a report on Thursday, March 31st. They set a “buy” rating on the stock. KeyCorp began coverage on Juniper Networks in a report on Tuesday, January 18th. They set an “overweight” rating and a $46.00 target price on the stock. Finally, Morgan Stanley upped their price objective on Juniper Networks from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Friday, January 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Juniper Networks has an average rating of “Buy” and an average price target of $36.60.
Shares of NYSE JNPR traded up $0.79 during trading hours on Friday, reaching $30.46. 5,683,359 shares of the stock were exchanged, compared to its average volume of 4,270,121. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 2.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.46 and a current ratio of 1.63. Juniper Networks, Inc. has a 52 week low of $25.48 and a 52 week high of $38.14. The stock’s fifty day simple moving average is $34.31 and its 200 day simple moving average is $33.62.
Juniper Networks (NYSE:JNPR – Get Rating) last announced its earnings results on Tuesday, April 26th. The network equipment provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Juniper Networks had a return on equity of 9.40% and a net margin of 7.03%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Research analysts predict that Juniper Networks, Inc. will post 1.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, May 31st. Juniper Networks’s dividend payout ratio is currently 81.55%.
Juniper Networks Profile (Get Rating)
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.
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