Rhumbline Advisers Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)

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

A number of other hedge funds have also bought and sold shares of the business. Hollencrest Capital Management bought a new stake in shares of Juniper Networks during the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC grew 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Juniper Networks by 30.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock worth $44,000 after acquiring an additional 283 shares during the period. Huntington National Bank lifted its stake in 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 in the last quarter. Finally, Larson Financial Group LLC lifted its stake in 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 worth $67,000 after purchasing an additional 1,045 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Price Performance

Shares of Juniper Networks stock traded down $0.14 on Monday, hitting $35.77. 2,808,801 shares of the company traded hands, compared to its average volume of 3,259,251. Juniper Networks, Inc. has a 12-month low of $33.42 and a 12-month high of $39.79. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market cap of $11.96 billion, a P/E ratio of 41.59, a P/E/G ratio of 2.20 and a beta of 0.78. The firm's 50-day simple moving average is $35.59 and its 200 day simple moving average is $36.32.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 2nd will be given 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 2.46%. Juniper Networks's payout ratio is 83.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JNPR. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Barclays boosted their target price on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Five 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.com, the company has a consensus rating of "Hold" and a consensus target price of $40.00.

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.