Atlas Capital Advisors LLC Acquires Shares of 1,471 Juniper Networks, Inc. (NYSE:JNPR)

Atlas Capital Advisors LLC purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,471 shares of the network equipment provider’s stock, valued at approximately $55,000.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Juniper Networks by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after purchasing an additional 54,735 shares during the period. Nordea Investment Management AB grew its holdings in Juniper Networks by 2,096.4% during the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock worth $13,212,000 after acquiring an additional 431,855 shares during the period. Eisler Capital UK Ltd. bought a new stake in shares of Juniper Networks during the 4th quarter valued at $816,000. Treasurer of the State of North Carolina lifted its stake in shares of Juniper Networks by 20.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock valued at $5,254,000 after purchasing an additional 29,905 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Juniper Networks by 43.9% in the 4th quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock worth $15,357,000 after purchasing an additional 158,913 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

JNPR has been the subject of a number of recent analyst reports. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, June 18th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. StockNews.com started coverage on shares of Juniper Networks in a research note on Friday. They issued a “hold” rating for the company. Finally, Barclays lifted their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Eleven 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, the company currently has a consensus rating of “Hold” and an average target price of $35.00.

Insider Activity at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction that occurred 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 directly owns 69,435 shares of the company’s stock, valued at approximately $2,393,424.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,330 shares of company stock worth $1,708,320. Company insiders own 1.28% of the company’s stock.

Juniper Networks Price Performance

NYSE:JNPR opened at $36.01 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $35.12 and a 200 day simple moving average of $35.28. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The stock has a market capitalization of $11.70 billion, a PE ratio of 52.19, a P/E/G ratio of 9.24 and a beta of 0.96.

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

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

About Juniper Networks

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.