Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 4.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,027 shares of the network equipment provider’s stock after buying an additional 971 shares during the period. QRG Capital Management Inc.’s holdings in Juniper Networks were worth $761,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of Juniper Networks in the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its position in 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 valued at $42,000 after purchasing an additional 363 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Juniper Networks by 30.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider’s stock valued at $44,000 after purchasing an additional 283 shares during the last quarter. Huntington National Bank lifted its position in Juniper Networks by 91.9% in 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 last quarter. Finally, Larson Financial Group LLC lifted its position in 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 valued at $67,000 after purchasing an additional 1,045 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JNPR shares. Barclays lifted their price objective on shares of Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Juniper Networks Stock Up 0.5%

JNPR stock opened at $36.04 on Friday. Juniper Networks, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 1.99 and a beta of 0.78. The firm’s 50-day moving average is $35.81 and its two-hundred day moving average is $36.32. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $0.29 EPS. Juniper Networks’s revenue was up 11.4% on a year-over-year basis. On average, analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business 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 is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is 83.81%.

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.