Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1,521.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,254 shares of the network equipment provider's stock after buying an additional 154,124 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Juniper Networks were worth $5,944,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. US Bancorp DE grew its position in Juniper Networks by 4.5% in the fourth quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock valued at $577,000 after acquiring an additional 660 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in shares of Juniper Networks by 7.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 5,795 shares of the network equipment provider's stock valued at $210,000 after purchasing an additional 380 shares during the period. Proficio Capital Partners LLC acquired a new stake in Juniper Networks during the 4th quarter valued at $1,926,000. GAMMA Investing LLC increased its stake in Juniper Networks by 3,022.2% during the 1st quarter. GAMMA Investing LLC now owns 172,409 shares of the network equipment provider's stock worth $6,239,000 after buying an additional 166,887 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Juniper Networks by 20.1% during the 4th quarter. Guggenheim Capital LLC now owns 55,225 shares of the network equipment provider's stock worth $2,068,000 after buying an additional 9,251 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JNPR shares. Barclays lifted 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. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Wall Street Zen raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $40.00.

Juniper Networks Stock Performance

Juniper Networks stock traded down $0.08 during midday trading on Friday, reaching $36.83. 4,498,214 shares of the stock traded hands, compared to its average volume of 3,256,329. 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 current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.03 and a beta of 0.78. The firm has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $36.30.

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 8.71% and a net margin of 6.78%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. Juniper Networks's dividend payout ratio 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.