Rhumbline Advisers Has $24.47 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Rhumbline Advisers boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 676,064 shares of the network equipment provider's stock after acquiring an additional 64,469 shares during the period. Rhumbline Advisers owned approximately 0.20% of Juniper Networks worth $24,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. Hollencrest Capital Management bought a new position in Juniper Networks during the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in Juniper Networks by 47.8% during 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. MassMutual Private Wealth & Trust FSB increased its stake in Juniper Networks by 30.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock valued at $44,000 after acquiring an additional 283 shares during the period. Huntington National Bank increased its stake in Juniper Networks by 91.9% during the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after acquiring an additional 605 shares during the period. Finally, Larson Financial Group LLC increased its stake in Juniper Networks by 139.5% during the fourth quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after acquiring an additional 1,045 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JNPR has been the topic of several research reports. Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Wall Street Zen upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, Barclays upped 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 equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $40.00.

Juniper Networks Price Performance

Shares of JNPR stock traded up $0.12 during trading hours on Friday, hitting $35.93. The company had a trading volume of 1,740,016 shares, compared to its average volume of 3,252,203. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.79. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.20 and a beta of 0.78. The firm's fifty day moving average is $35.59 and its 200 day moving average is $36.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.28 billion for 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%. Juniper Networks's revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks's payout ratio is currently 83.81%.

Juniper Networks 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.