Juniper Networks, Inc. (NYSE:JNPR) Stock Holdings Lessened by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,630 shares of the network equipment provider's stock after selling 30,585 shares during the quarter. Cresset Asset Management LLC owned 0.08% of Juniper Networks worth $9,798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in Juniper Networks by 20.2% in the 3rd quarter. Franklin Resources Inc. now owns 210,338 shares of the network equipment provider's stock valued at $8,153,000 after purchasing an additional 35,337 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Juniper Networks by 5.1% in the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock valued at $17,406,000 after buying an additional 21,651 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Juniper Networks by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 5,522 shares of the network equipment provider's stock valued at $207,000 after buying an additional 1,056 shares during the period. Everence Capital Management Inc. acquired a new position in Juniper Networks during the 4th quarter worth approximately $229,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Juniper Networks by 12.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock worth $184,000 after acquiring an additional 549 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

Shares of JNPR stock traded up $0.03 during trading hours on Friday, reaching $36.33. The stock had a trading volume of 1,919,978 shares, compared to its average volume of 3,246,637. The firm has a market capitalization of $12.14 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The firm has a 50-day simple moving average of $35.57 and a 200-day simple moving average of $36.63. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month high of $39.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating 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%. Juniper Networks's revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, equities analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.42%. Juniper Networks's dividend payout ratio (DPR) is presently 83.81%.

Analysts Set New Price Targets

JNPR has been the topic of a number of recent research reports. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research report on Tuesday, February 4th. StockNews.com raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Barclays lifted their price objective on Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Juniper Networks currently has a consensus rating of "Hold" and a consensus price target of $40.00.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the stock in a transaction that occurred on 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 directly owns 94,771 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 1.28% of the company's stock.

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.