Wealth Enhancement Advisory Services LLC Has $5.94 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Wealth Enhancement Advisory Services LLC lifted its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1,521.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,254 shares of the network equipment provider's stock after buying an additional 154,124 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Juniper Networks were worth $5,944,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider's stock worth $1,620,269,000 after acquiring an additional 599,214 shares during the last quarter. FIL Ltd grew its position in Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock worth $477,593,000 after acquiring an additional 2,167,567 shares during the last quarter. Geode Capital Management LLC grew its position in Juniper Networks by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider's stock worth $370,461,000 after acquiring an additional 356,672 shares during the last quarter. Norges Bank bought a new stake in Juniper Networks during the 4th quarter worth approximately $262,618,000. Finally, Invesco Ltd. grew its position in Juniper Networks by 17.8% during the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock worth $244,372,000 after acquiring an additional 987,431 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Wall Street Zen upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Barclays increased their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.00.

Juniper Networks Stock Performance

JNPR stock opened at $36.52 on Wednesday. The business's fifty day moving average is $35.88 and its 200-day moving average is $36.31. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The company has a market cap of $12.21 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month 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 for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The company 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 8.71% and a net margin of 6.78%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Equities research analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is currently 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.

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