15,475 Shares in Juniper Networks, Inc. (NYSE:JNPR) Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,475 shares of the network equipment provider's stock, valued at approximately $580,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position 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 buying an additional 363 shares during the period. Townsquare Capital LLC increased its position in Juniper Networks by 7.4% in the fourth quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider's stock worth $232,000 after buying an additional 426 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 12.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock worth $184,000 after buying an additional 549 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, Smartleaf Asset Management LLC increased its holdings in shares of Juniper Networks by 41.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Down 0.5 %

NYSE JNPR traded down $0.20 on Wednesday, reaching $36.41. 672,269 shares of the stock traded hands, compared to its average volume of 3,221,128. Juniper Networks, Inc. has a 12 month low of $33.42 and a 12 month high of $39.79. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 2.20 and a beta of 0.82. The company has a fifty day moving average price of $35.55 and a 200-day moving average price of $36.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The business 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 7.57% and a net margin of 5.67%. The business's revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. As a group, research analysts forecast that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. Juniper Networks's payout ratio is currently 83.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Rosenblatt Securities reissued a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, May 2nd. StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Barclays increased their price objective on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Evercore ISI raised Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Tuesday, February 4th. Five 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, Juniper Networks presently has a consensus rating of "Hold" and an average price target of $40.00.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the sale, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.28% of the stock is currently owned by corporate 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.