Sierra Summit Advisors LLC Buys 8,104 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Sierra Summit Advisors LLC lifted its position in Juniper Networks, Inc. (NYSE:JNPR) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,473 shares of the network equipment provider’s stock after purchasing an additional 8,104 shares during the period. Sierra Summit Advisors LLC’s holdings in Juniper Networks were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock worth $42,000 after buying an additional 363 shares during the period. Gould Capital LLC raised its holdings in shares of Juniper Networks by 1.9% in the third quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock valued at $1,142,000 after acquiring an additional 534 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Juniper Networks by 12.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after acquiring an additional 549 shares in the last quarter. Huntington National Bank increased its position in Juniper Networks by 91.9% during the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock valued at $47,000 after purchasing an additional 605 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Juniper Networks by 41.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Activity

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated 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 owns 94,771 shares of the company’s stock, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Argus lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays lifted their price target on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com cut Juniper Networks from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 28th. Finally, Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.80.

Juniper Networks Stock Down 3.7 %

Shares of JNPR stock opened at $33.94 on Monday. The stock’s fifty day moving average price is $35.93 and its 200 day moving average price is $37.28. Juniper Networks, Inc. has a 1-year low of $33.72 and a 1-year high of $39.79. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share 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%. On average, research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.59%. Juniper Networks’s payout ratio is currently 102.33%.

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.