GAMMA Investing LLC Has $6.24 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

GAMMA Investing LLC raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3,022.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,409 shares of the network equipment provider's stock after acquiring an additional 166,887 shares during the period. GAMMA Investing LLC owned approximately 0.05% of Juniper Networks worth $6,239,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new stake in shares of Juniper Networks in the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 363 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Juniper Networks by 30.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock valued at $44,000 after buying an additional 283 shares during the period. Huntington National Bank lifted its holdings in shares of Juniper Networks by 91.9% in the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after buying an additional 605 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Juniper Networks by 139.5% in the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after buying an additional 1,045 shares during the period. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Down 0.5%

Juniper Networks stock traded down $0.19 during mid-day trading on Friday, hitting $35.73. The company's stock had a trading volume of 1,723,568 shares, compared to its average volume of 3,267,613. The firm's 50 day moving average is $35.66 and its 200 day moving average is $36.31. The company has a market cap of $11.95 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. 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, Inc. has a 52-week low of $33.42 and a 52-week high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion during 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 period in the prior year, the business earned $0.29 EPS. On average, analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date is Monday, June 2nd. Juniper Networks's payout ratio is currently 83.81%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JNPR shares. Barclays upped their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Wall Street Zen raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.00.

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.