Susquehanna Portfolio Strategies LLC Decreases Position in Juniper Networks, Inc. (NYSE:JNPR)

Susquehanna Portfolio Strategies LLC reduced its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 115,089 shares of the network equipment provider's stock after selling 45,353 shares during the quarter. Juniper Networks makes up 14.5% of Susquehanna Portfolio Strategies LLC's portfolio, making the stock its 3rd biggest position. Susquehanna Portfolio Strategies LLC's holdings in Juniper Networks were worth $4,310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Juniper Networks during the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC grew its stake in shares of Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank grew its stake in shares of 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 during the last quarter. Larson Financial Group LLC raised its holdings in shares of 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. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after acquiring an additional 616 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded down $0.17 during trading hours on Wednesday, hitting $35.97. 2,970,623 shares of the stock were exchanged, compared to its average volume of 3,271,627. 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 company's 50 day moving average is $35.62 and its 200 day moving average is $36.49. The firm has a market capitalization of $12.03 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.79.

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 (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

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

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Tuesday, February 4th. StockNews.com upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. 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 raised their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Five 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.00.

Insider Activity

In related news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company's stock, valued at $3,413,651.42. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.

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.