Envestnet Asset Management Inc. Increases Position in Juniper Networks, Inc. (JNPR)

Envestnet Asset Management Inc. increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,678 shares of the network equipment provider’s stock after acquiring an additional 4,969 shares during the period. Envestnet Asset Management Inc.’s holdings in Juniper Networks were worth $2,099,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. First Trust Advisors LP grew its position in Juniper Networks by 24.6% in the fourth quarter. First Trust Advisors LP now owns 8,988,140 shares of the network equipment provider’s stock worth $256,162,000 after acquiring an additional 1,772,303 shares in the last quarter. Bank of New York Mellon Corp grew its position in Juniper Networks by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,304,607 shares of the network equipment provider’s stock worth $208,182,000 after acquiring an additional 520,449 shares in the last quarter. LSV Asset Management grew its position in Juniper Networks by 3.7% in the fourth quarter. LSV Asset Management now owns 6,804,243 shares of the network equipment provider’s stock worth $193,920,000 after acquiring an additional 242,600 shares in the last quarter. Fairpointe Capital LLC grew its position in Juniper Networks by 3.6% in the fourth quarter. Fairpointe Capital LLC now owns 6,264,209 shares of the network equipment provider’s stock worth $178,530,000 after acquiring an additional 216,254 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Juniper Networks by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 5,214,972 shares of the network equipment provider’s stock worth $148,391,000 after acquiring an additional 203,465 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

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In related news, CEO Rami Rahim sold 10,800 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $26.27, for a total value of $283,716.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Stensrud sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $26.17, for a total transaction of $261,700.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at $144,746.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,813 shares of company stock valued at $1,124,709. 2.60% of the stock is owned by insiders.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded shares of Juniper Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Piper Jaffray restated a “neutral” rating and set a $27.00 price target on shares of Juniper Networks in a research report on Wednesday, January 10th. Loop Capital cut their price target on shares of Juniper Networks to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Finally, Robert W. Baird restated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $28.61.

Juniper Networks stock opened at $24.09 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8,281.11, a PE ratio of 13.92, a PEG ratio of 2.81 and a beta of 0.96. Juniper Networks, Inc. has a 1-year low of $23.68 and a 1-year high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. Juniper Networks’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. sell-side analysts predict that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.

Juniper Networks declared that its board has initiated a share buyback program on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the network equipment provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 1st were paid a $0.18 dividend. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, February 28th. Juniper Networks’s dividend payout ratio is presently 41.62%.

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Juniper Networks Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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