Alpine Global Management LLC Raises Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Alpine Global Management LLC increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 51.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,564 shares of the network equipment provider's stock after acquiring an additional 51,564 shares during the period. Juniper Networks comprises about 1.2% of Alpine Global Management LLC's portfolio, making the stock its 15th biggest position. Alpine Global Management LLC's holdings in Juniper Networks were worth $5,676,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of recent research reports. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Barclays raised their price target on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $40.00.

Juniper Networks Stock Performance

NYSE:JNPR traded down $0.07 during midday trading on Wednesday, hitting $36.01. The company's stock had a trading volume of 389,978 shares, compared to its average volume of 3,259,854. The firm has a market cap of $12.04 billion, a P/E ratio of 41.87, a P/E/G ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The firm's 50 day moving average is $35.62 and its 200-day moving average is $36.38. 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 - Get Free Report) last posted its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $0.29 EPS. The company's quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The business 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is 83.81%.

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.