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

State of Alaska Department of Revenue boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 22.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,167 shares of the network equipment provider's stock after purchasing an additional 22,419 shares during the period. State of Alaska Department of Revenue's holdings in Juniper Networks were worth $4,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new position in Juniper Networks in the fourth quarter valued at approximately $8,645,000. CIBC Asset Management Inc lifted its stake in shares of Juniper Networks by 2.9% in the 4th quarter. CIBC Asset Management Inc now owns 57,563 shares of the network equipment provider's stock valued at $2,156,000 after purchasing an additional 1,627 shares during the period. Kestra Investment Management LLC bought a new position in shares of Juniper Networks in the 4th quarter worth $204,000. Handelsbanken Fonder AB boosted its position in shares of Juniper Networks by 47.6% in the 4th quarter. Handelsbanken Fonder AB now owns 116,200 shares of the network equipment provider's stock worth $4,352,000 after purchasing an additional 37,500 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Juniper Networks by 2.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,319,851 shares of the network equipment provider's stock worth $49,428,000 after purchasing an additional 31,667 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JNPR. Barclays increased their target price 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. 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. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, May 2nd. 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 company's stock. Based on data from MarketBeat.com, Juniper Networks presently has an average rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Stock Up 0.6%

JNPR traded up $0.22 during trading on Tuesday, reaching $36.52. The company had a trading volume of 3,072,203 shares, compared to its average volume of 3,239,375. The company has a market cap of $12.21 billion, a P/E ratio of 34.78, a PEG ratio of 1.99 and a beta of 0.78. 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 1.49 and a quick ratio of 1.16. The business's fifty day moving average price is $35.84 and its 200 day moving average price is $36.31.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted 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 business had revenue of $1.28 billion for 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%. The firm's revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current 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 issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. Juniper Networks's payout ratio 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.