State of Alaska Department of Revenue Has $4.42 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

State of Alaska Department of Revenue raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 122,167 shares of the network equipment provider's stock after acquiring an additional 22,419 shares during the quarter. State of Alaska Department of Revenue's holdings in Juniper Networks were worth $4,421,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of Juniper Networks in the fourth quarter worth approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in Juniper Networks by 47.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Juniper Networks by 30.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock worth $44,000 after purchasing an additional 283 shares during the period. Huntington National Bank lifted its position in shares of Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock worth $47,000 after purchasing an additional 605 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Up 0.5%

NYSE JNPR traded up $0.19 on Friday, hitting $36.04. 4,777,279 shares of the company were exchanged, compared to its average volume of 3,274,108. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The company has a market cap of $12.05 billion, a PE ratio of 34.32, a PEG ratio of 1.98 and a beta of 0.78. The stock has a fifty day moving average of $35.81 and a 200-day moving average of $36.31. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month 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 for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks's dividend payout ratio (DPR) is presently 83.81%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, May 2nd. Finally, Barclays boosted their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Five 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.