Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903 shares of the network equipment provider’s stock after selling 332 shares during the quarter. AdvisorNet Financial Inc’s holdings in Juniper Networks were worth $34,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JNPR. Federated Hermes Inc. boosted its holdings in Juniper Networks by 4.8% in the second quarter. Federated Hermes Inc. now owns 16,591 shares of the network equipment provider’s stock worth $605,000 after purchasing an additional 762 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Juniper Networks by 5.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,474 shares of the network equipment provider’s stock valued at $674,000 after buying an additional 1,015 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Juniper Networks by 4.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,761 shares of the network equipment provider’s stock valued at $1,523,000 after buying an additional 1,789 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Juniper Networks by 1.7% in the second quarter. Elo Mutual Pension Insurance Co now owns 29,764 shares of the network equipment provider’s stock valued at $1,085,000 after buying an additional 500 shares during the last quarter. Finally, AE Wealth Management LLC bought a new stake in Juniper Networks in the second quarter valued at $4,638,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analyst Ratings Changes

JNPR has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays cut their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Five 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $38.47 on Friday. Juniper Networks, Inc. has a fifty-two week low of $34.30 and a fifty-two week high of $39.79. The firm’s 50-day simple moving average is $37.24 and its 200 day simple moving average is $38.02. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.74 billion, a P/E ratio of 50.61, a P/E/G ratio of 8.49 and a beta of 0.88.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks’s payout ratio is currently 115.79%.

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.