Arista Wealth Management LLC Invests $385,000 in Juniper Networks, Inc. (NYSE:JNPR)

Arista Wealth Management LLC acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,570 shares of the network equipment provider’s stock, valued at approximately $385,000.

A number of other hedge funds have also made changes to their positions in JNPR. Larson Financial Group LLC increased its position in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Juniper Networks in the second quarter valued at about $31,000. Johnson Financial Group Inc. purchased a new position in shares of Juniper Networks in the fourth quarter worth about $35,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks during the second quarter worth about $36,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Juniper Networks during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Insider Transactions at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the completion of the sale, the chief financial officer now owns 29,435 shares in the company, valued at approximately $1,059,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 108,669 shares of company stock valued at $3,947,279. Corporate insiders own 1.28% of the company’s stock.

Juniper Networks Stock Down 0.2 %

Juniper Networks stock opened at $38.90 on Friday. The firm has a market capitalization of $12.64 billion, a P/E ratio of 56.38, a P/E/G ratio of 11.18 and a beta of 0.93. The stock’s fifty day simple moving average is $38.33 and its 200-day simple moving average is $36.77. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $39.13. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, equities analysts expect that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Analysts Set New Price Targets

Several equities research analysts recently commented on JNPR shares. Argus raised 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. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Barclays cut their price target on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.25.

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.