Siemens Fonds Invest GmbH Invests $602,000 in Juniper Networks, Inc. (NYSE:JNPR)

Siemens Fonds Invest GmbH acquired a new position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,065 shares of the network equipment provider's stock, valued at approximately $602,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Juniper Networks by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after buying an additional 599,214 shares during the period. FIL Ltd boosted its position in shares of Juniper Networks by 20.5% during the fourth quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock worth $477,593,000 after buying an additional 2,167,567 shares during the period. Geode Capital Management LLC boosted its position in shares of Juniper Networks by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock worth $370,461,000 after buying an additional 356,672 shares during the period. Norges Bank purchased a new position in shares of Juniper Networks during the fourth quarter worth $262,618,000. Finally, Invesco Ltd. boosted its position in shares of Juniper Networks by 17.8% during the fourth quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock worth $244,372,000 after buying an additional 987,431 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Up 0.2%

Juniper Networks stock traded up $0.08 during midday trading on Tuesday, reaching $35.95. The company's stock had a trading volume of 1,720,833 shares, compared to its average volume of 3,247,609. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The company has a market cap of $12.02 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.20 and a beta of 0.82. The business has a 50-day simple moving average of $35.60 and a 200-day simple moving average of $36.31.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted 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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $0.29 earnings per share. Juniper Networks's quarterly revenue was up 11.4% on a year-over-year basis. On average, research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays raised their price target 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. Evercore ISI upgraded 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. Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Wall Street Zen upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, May 2nd. Five 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 has an average rating of "Hold" and an average target price of $40.00.

About Juniper Networks

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.