Cetera Investment Advisers Sells 17,269 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Cetera Investment Advisers lowered its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,809 shares of the network equipment provider's stock after selling 17,269 shares during the quarter. Cetera Investment Advisers' holdings in Juniper Networks were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brevan Howard Capital Management LP lifted its stake in Juniper Networks by 72.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 210,010 shares of the network equipment provider's stock valued at $7,865,000 after buying an additional 88,071 shares during the period. Caxton Associates LP acquired a new position in Juniper Networks in the fourth quarter valued at about $1,195,000. BNP Paribas Financial Markets lifted its stake in Juniper Networks by 26.2% in the fourth quarter. BNP Paribas Financial Markets now owns 640,329 shares of the network equipment provider's stock valued at $23,980,000 after buying an additional 132,981 shares during the period. Angelo Gordon & CO. L.P. increased its holdings in shares of Juniper Networks by 8.9% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 305,000 shares of the network equipment provider's stock worth $11,422,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Juniper Networks in the fourth quarter worth about $13,501,000. Institutional investors and hedge funds own 91.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on JNPR shares. Barclays increased their price target on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Tuesday, February 4th. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Wall Street Zen upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, May 2nd. Five 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 has a consensus rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Price Performance

Shares of JNPR traded up $0.02 during midday trading on Thursday, hitting $35.94. The company's stock had a trading volume of 2,407,118 shares, compared to its average volume of 3,273,899. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79. The company's fifty day simple moving average is $35.62 and its two-hundred day simple moving average is $36.38. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Juniper Networks's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, equities analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks's payout ratio is currently 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.