Penserra Capital Management LLC Grows Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of JNPR. Vanguard Group Inc. boosted 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 worth $1,620,269,000 after acquiring an additional 599,214 shares during the last quarter. FIL Ltd boosted its position in shares of 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 acquiring an additional 2,167,567 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 356,672 shares during the last quarter. Norges Bank bought a new position in shares of Juniper Networks during the fourth quarter worth $262,618,000. Finally, Invesco Ltd. boosted its position in shares of 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 acquiring an additional 987,431 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 reaffirmed a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, Barclays raised their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Five research 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. Based on data from MarketBeat, Juniper Networks presently has a consensus rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Price Performance

JNPR stock remained flat at $39.95 during trading on Friday. The business's 50 day simple moving average is $36.52 and its 200 day simple moving average is $36.39. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.96.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the business earned $0.29 EPS. Equities research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is presently 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.