ProShare Advisors LLC Has $2.74 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

ProShare Advisors LLC grew its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,256 shares of the network equipment provider’s stock after buying an additional 7,449 shares during the quarter. ProShare Advisors LLC’s holdings in Juniper Networks were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Laird Norton Wetherby Wealth Management LLC raised its holdings in Juniper Networks by 1.9% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,413 shares of the network equipment provider’s stock worth $652,000 after buying an additional 330 shares during the period. EverSource Wealth Advisors LLC raised its position in Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock worth $42,000 after acquiring an additional 363 shares in the last quarter. Townsquare Capital LLC lifted its stake in Juniper Networks by 7.4% in the 4th quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 426 shares during the last quarter. Wahed Invest LLC boosted its stake in shares of Juniper Networks by 6.5% during the 4th quarter. Wahed Invest LLC now owns 8,420 shares of the network equipment provider’s stock worth $315,000 after acquiring an additional 513 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Juniper Networks by 1.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 41,152 shares of the network equipment provider’s stock valued at $1,544,000 after purchasing an additional 601 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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 transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $36.13 on Wednesday. The company has a market cap of $12.08 billion, a P/E ratio of 42.01, a PEG ratio of 2.20 and a beta of 0.82. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $35.62 and a two-hundred day moving average price of $36.49. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79.

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

Juniper Networks Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on JNPR. StockNews.com raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Evercore ISI raised shares of 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. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Barclays increased their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Finally, Argus lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.