Siemens Fonds Invest GmbH Buys Shares of 16,065 Juniper Networks, Inc. (NYSE:JNPR)

Siemens Fonds Invest GmbH purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,065 shares of the network equipment provider’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in shares of Juniper Networks in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 363 shares during the period. Huntington National Bank raised its holdings 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 worth $47,000 after purchasing an additional 605 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider’s stock worth $67,000 after purchasing an additional 1,045 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 worth $78,000 after purchasing an additional 616 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JNPR shares. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, May 2nd. Argus downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Tuesday, February 4th. Barclays boosted their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, StockNews.com upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Insiders Place Their Bets

In other news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value 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. 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 hyperlink. Corporate insiders own 1.37% of the company’s stock.

Juniper Networks Stock Performance

NYSE JNPR opened at $36.08 on Friday. 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, Inc. has a 1 year low of $33.42 and a 1 year high of $39.79. The stock has a market capitalization of $12.06 billion, a PE ratio of 41.95, a P/E/G ratio of 2.20 and a beta of 0.82. The company’s 50 day simple moving average is $35.60 and its two-hundred day simple moving average is $36.53.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.29 earnings per share. Juniper Networks’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s payout ratio is 83.81%.

Juniper Networks 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.