UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Juniper Networks, Inc. (NYSE:JNPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,941,105 shares of the network equipment provider’s stock after buying an additional 311,836 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.19% of Juniper Networks worth $147,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of JNPR. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Juniper Networks by 1.9% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,413 shares of the network equipment provider’s stock worth $652,000 after buying an additional 330 shares during the period. EverSource Wealth Advisors LLC lifted its position in Juniper Networks by 47.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider’s stock valued at $42,000 after purchasing an additional 363 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Juniper Networks by 7.4% during the fourth quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 426 shares during the period. Wahed Invest LLC grew its holdings in shares of Juniper Networks by 6.5% in the fourth quarter. Wahed Invest LLC now owns 8,420 shares of the network equipment provider’s stock worth $315,000 after purchasing an additional 513 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Juniper Networks by 1.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 41,152 shares of the network equipment provider’s stock worth $1,544,000 after purchasing an additional 601 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on JNPR. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday, May 2nd. Wall Street Zen raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Barclays upped their price target on Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, Argus lowered Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Juniper Networks currently has an average rating of “Hold” and a consensus price target of $40.00.

Insider Activity

In related news, COO Manoj Leelanivas sold 30,978 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the transaction, the chief operating officer now owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $35.99 on Friday. Juniper Networks, Inc. has a 1 year low of $33.42 and a 1 year high of $39.79. The stock has a market capitalization of $12.03 billion, a P/E ratio of 41.85, a P/E/G ratio of 2.20 and a beta of 0.82. The company’s 50-day moving average is $35.62 and its 200 day moving average is $36.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. On average, sell-side 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, June 23rd. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s payout ratio is 83.81%.

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.