Penserra Capital Management LLC Acquires 127,587 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Penserra Capital Management LLC lifted its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 39.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 452,193 shares of the network equipment provider's stock after purchasing an additional 127,587 shares during the period. Penserra Capital Management LLC owned 0.14% of Juniper Networks worth $16,364,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Juniper Networks by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock valued at $1,620,269,000 after purchasing an additional 599,214 shares in the last quarter. FIL Ltd increased its holdings in Juniper Networks by 20.5% during the fourth quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock worth $477,593,000 after buying an additional 2,167,567 shares during the last quarter. Geode Capital Management LLC increased its holdings in Juniper Networks by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock worth $370,461,000 after buying an additional 356,672 shares during the last quarter. Norges Bank purchased a new stake in Juniper Networks during the fourth quarter worth about $262,618,000. Finally, Invesco Ltd. increased its holdings in Juniper Networks by 17.8% during the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock worth $244,372,000 after buying an additional 987,431 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Barclays raised their price objective on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.00.

Juniper Networks Stock Performance

Shares of JNPR remained flat at $39.95 during trading hours on Wednesday. The firm has a market capitalization of $13.36 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.16. The business's 50-day moving average price is $36.68 and its two-hundred day moving average price is $36.43. Juniper Networks, Inc. has a 52-week low of $33.42 and a 52-week high of $39.96.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. Juniper Networks's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, equities research analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.20%. Juniper Networks's dividend payout ratio is currently 83.81%.

Juniper Networks 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.