Gotham Asset Management LLC Has $551,000 Position in Juniper Networks, Inc. (NYSE:JNPR)

Gotham Asset Management LLC trimmed its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 64.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,726 shares of the network equipment provider's stock after selling 27,177 shares during the period. Gotham Asset Management LLC's holdings in Juniper Networks were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JNPR. Hollencrest Capital Management bought a new stake in Juniper Networks during the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its position 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 raised its position in shares of Juniper Networks by 91.9% during 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 last quarter. Larson Financial Group LLC raised its position in shares of Juniper Networks by 139.5% during 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 last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after buying an additional 616 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Trading Up 0.1%

Shares of NYSE JNPR traded up $0.02 during midday trading on Friday, reaching $35.99. 1,783,762 shares of the stock were exchanged, compared to its average volume of 3,276,804. The business has a 50-day simple moving average of $35.62 and a two-hundred day simple moving average of $36.41. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.79. 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 announced its quarterly earnings results 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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. As a group, equities research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks's payout ratio is 83.81%.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.