Cresset Asset Management LLC Sells 30,585 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Cresset Asset Management LLC lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,630 shares of the network equipment provider's stock after selling 30,585 shares during the period. Cresset Asset Management LLC owned approximately 0.08% of Juniper Networks worth $9,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 last quarter. FIL Ltd boosted its holdings in 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 last quarter. Geode Capital Management LLC boosted its holdings in 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 last quarter. Norges Bank bought a new position in Juniper Networks during the fourth quarter worth about $262,618,000. Finally, Invesco Ltd. boosted its holdings in 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 last quarter. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Down 0.2%

Juniper Networks stock traded down $0.09 during midday trading on Tuesday, reaching $36.49. The stock had a trading volume of 1,096,871 shares, compared to its average volume of 3,237,907. The firm's fifty day simple moving average is $35.58 and its 200-day simple moving average is $36.59. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79. The stock has a market capitalization of $12.20 billion, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. 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 posted its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, June 2nd. Juniper Networks's dividend payout ratio (DPR) is 83.81%.

Insiders Place Their Bets

In other news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. The trade was a 24.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Barclays lifted their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a 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 objective on the stock in a report on Tuesday, February 4th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price objective 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Juniper Networks has a consensus rating of "Hold" and a consensus price target of $40.00.

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.