Mn Services Vermogensbeheer B.V. Decreases Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,800 shares of the network equipment provider's stock after selling 12,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Juniper Networks were worth $4,118,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in shares of Juniper Networks by 18.2% during the first quarter. Exchange Traded Concepts LLC now owns 32,179 shares of the network equipment provider's stock worth $1,165,000 after purchasing an additional 4,944 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Juniper Networks by 31.3% during the first quarter. Ritholtz Wealth Management now owns 7,249 shares of the network equipment provider's stock worth $262,000 after purchasing an additional 1,727 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Juniper Networks by 1,521.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 164,254 shares of the network equipment provider's stock worth $5,944,000 after purchasing an additional 154,124 shares during the period. Elevation Point Wealth Partners LLC boosted its holdings in shares of Juniper Networks by 7.0% during the first quarter. Elevation Point Wealth Partners LLC now owns 5,795 shares of the network equipment provider's stock worth $210,000 after purchasing an additional 380 shares during the period. Finally, CX Institutional boosted its holdings in shares of Juniper Networks by 14.5% during the first quarter. CX Institutional now owns 13,379 shares of the network equipment provider's stock worth $484,000 after purchasing an additional 1,691 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on JNPR shares. Rosenblatt Securities restated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks 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, Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Five equities research 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 data from MarketBeat.com, Juniper Networks currently has an average rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Stock Up 0.5%

Shares of JNPR stock traded up $0.19 during trading hours on Friday, hitting $36.04. 4,777,279 shares of the company's stock traded hands, compared to its average volume of 3,244,227. The stock's fifty day simple moving average is $35.81 and its two-hundred day simple moving average is $36.32. Juniper Networks, Inc. has a 12-month low of $33.42 and a 12-month high of $39.79. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.99 and a beta of 0.78. 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 (NYSE:JNPR - Get Free Report) last released its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $0.29 earnings per share. The business's revenue was up 11.4% on a year-over-year basis. On average, analysts expect 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 will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be issued 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 payout ratio is currently 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.