Handelsbanken Fonder AB Has $3.07 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Handelsbanken Fonder AB raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,700 shares of the network equipment provider’s stock after buying an additional 14,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Juniper Networks were worth $3,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JNPR. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management bought a new position in Juniper Networks during the second quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks in the second quarter valued at about $36,000. Fidelis Capital Partners LLC bought a new stake in shares of Juniper Networks in the first quarter worth about $43,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Juniper Networks during the first quarter worth about $55,000. 91.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JNPR. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Barclays lowered their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Citigroup reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Finally, Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, June 18th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $36.67.

Juniper Networks Price Performance

NYSE:JNPR opened at $38.77 on Wednesday. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $39.79. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 56.19, a price-to-earnings-growth ratio of 11.28 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $36.93.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. Equities research 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 announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.27%. Juniper Networks’s dividend payout ratio is currently 127.54%.

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.