Envestnet Asset Management Inc. Has $622,000 Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Envestnet Asset Management Inc. decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 86.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,622 shares of the network equipment provider's stock after selling 108,552 shares during the period. Envestnet Asset Management Inc.'s holdings in Juniper Networks were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Juniper Networks during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after buying an additional 363 shares during the last quarter. Huntington National Bank grew its holdings in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock worth $47,000 after buying an additional 605 shares in the last quarter. Larson Financial Group LLC grew its holdings in Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock worth $67,000 after buying an additional 1,045 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Juniper Networks by 41.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Down 0.6 %

Shares of JNPR stock traded down $0.23 during trading on Wednesday, hitting $36.37. 1,925,246 shares of the company were exchanged, compared to its average volume of 3,225,976. The business's 50-day simple moving average is $35.55 and its 200 day simple moving average is $36.69. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month high of $39.79. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 42.29, a P/E/G ratio of 2.20 and a beta of 0.82. 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 (NYSE:JNPR - Get Free Report) last issued its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $0.29 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is presently 83.81%.

Analyst Ratings Changes

Several research analysts have recently issued reports on JNPR shares. Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Tuesday, February 4th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. StockNews.com upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Barclays boosted their price objective on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Juniper Networks has an average rating of "Hold" and an average target price of $40.00.

Insider Activity

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 94,771 shares of the company's stock, valued at approximately $3,413,651.42. This trade represents a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.28% of the stock is owned by corporate insiders.

Juniper Networks Company 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.