Fisher Asset Management LLC Sells 5,354 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Fisher Asset Management LLC trimmed its stake in Juniper Networks, Inc. (NYSE:JNPR) by 17.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,938 shares of the network equipment provider’s stock after selling 5,354 shares during the period. Fisher Asset Management LLC’s holdings in Juniper Networks were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. GAMMA Investing LLC bought a new position in shares of Juniper Networks in the fourth quarter worth about $28,000. Hartford Financial Management Inc. increased its position in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after buying an additional 330 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Juniper Networks during the fourth quarter worth approximately $35,000. Blue Trust Inc. boosted its position in shares of Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after acquiring an additional 368 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Juniper Networks by 90.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after acquiring an additional 729 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $35.69 on Monday. The business has a fifty day moving average of $35.18 and a 200-day moving average of $35.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The firm has a market cap of $11.60 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 9.23 and a beta of 0.96.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. On average, equities research analysts predict that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Insider Activity at Juniper Networks

In related news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the completion of the sale, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the sale, the chief financial officer now owns 69,435 shares in the company, valued at $2,393,424.45. The disclosure for this sale can be found here. Insiders have sold 48,330 shares of company stock worth $1,708,320 over the last ninety days. Company insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JNPR. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, June 18th. Barclays boosted their price target on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com started coverage on Juniper Networks in a report on Thursday. They set a “hold” rating on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.00.

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.