Nuveen Asset Management LLC Purchases 208,334 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Nuveen Asset Management LLC lifted its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,197,720 shares of the network equipment provider's stock after acquiring an additional 208,334 shares during the quarter. Nuveen Asset Management LLC owned 0.36% of Juniper Networks worth $44,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Juniper Networks by 1.9% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,413 shares of the network equipment provider's stock worth $652,000 after buying an additional 330 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Juniper Networks by 47.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after acquiring an additional 363 shares during the period. Townsquare Capital LLC grew its holdings in shares of Juniper Networks by 7.4% in the fourth quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider's stock worth $232,000 after purchasing an additional 426 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Juniper Networks by 6.5% in the fourth quarter. Wahed Invest LLC now owns 8,420 shares of the network equipment provider's stock worth $315,000 after purchasing an additional 513 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Juniper Networks by 91.9% in the fourth 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 last quarter. 91.95% of the stock is currently owned by institutional investors.

Insider Transactions at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JNPR. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, 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 research note on Monday, May 5th. Five 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Stock Performance

NYSE JNPR opened at $36.13 on Tuesday. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The company has a market cap of $12.08 billion, a P/E ratio of 42.01, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The stock has a 50-day moving average of $35.61 and a two-hundred day moving average of $36.49.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is 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.

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