Allworth Financial LP Sells 1,301 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Allworth Financial LP reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 35.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,358 shares of the network equipment provider’s stock after selling 1,301 shares during the period. Allworth Financial LP’s holdings in Juniper Networks were worth $91,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JNPR. ABC Arbitrage SA purchased a new stake in Juniper Networks during the fourth quarter valued at about $5,225,000. Asset Management One Co. Ltd. boosted its holdings in Juniper Networks by 9.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 157,338 shares of the network equipment provider’s stock worth $5,902,000 after buying an additional 13,030 shares during the period. Sather Financial Group Inc raised its holdings in Juniper Networks by 16.5% during the 4th quarter. Sather Financial Group Inc now owns 302,731 shares of the network equipment provider’s stock valued at $11,337,000 after acquiring an additional 42,945 shares during the period. Empowered Funds LLC lifted its position in shares of Juniper Networks by 327.1% during the fourth quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider’s stock worth $868,000 after acquiring an additional 17,758 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Juniper Networks by 3.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,499 shares of the network equipment provider’s stock worth $1,704,000 after purchasing an additional 1,377 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $35.96 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. Juniper Networks, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.79. The company has a market capitalization of $11.90 billion, a P/E ratio of 41.81, a PEG ratio of 2.20 and a beta of 0.87. The stock has a 50 day moving average price of $37.17 and a two-hundred day moving average price of $37.87.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s payout ratio is 102.33%.

Analyst Upgrades and Downgrades

JNPR has been the topic of several research analyst reports. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday, February 4th. StockNews.com upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Barclays lifted their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Argus downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average target price of $39.80.

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.