NorthRock Partners LLC Takes $1.34 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

NorthRock Partners LLC purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,835 shares of the network equipment provider's stock, valued at approximately $1,342,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of 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 valued at $1,620,269,000 after buying an additional 599,214 shares during the last quarter. FIL Ltd lifted its position in Juniper Networks by 20.5% in the 4th 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 position 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 valued at $370,461,000 after buying an additional 356,672 shares during the period. Norges Bank purchased a new position in shares of Juniper Networks in the fourth quarter worth $262,618,000. Finally, Invesco Ltd. lifted its holdings in Juniper Networks by 17.8% in the 4th 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 period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now owns 94,771 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on JNPR. Argus downgraded Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Barclays raised 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. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Five equities research 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.00.

Juniper Networks Trading Up 0.2%

NYSE:JNPR traded up $0.08 on Monday, hitting $36.13. The stock had a trading volume of 1,415,581 shares, compared to its average volume of 3,261,362. The company has a fifty day moving average price of $35.60 and a two-hundred day moving average price of $36.51. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 2.20 and a beta of 0.82. Juniper Networks, Inc. has a 1-year low of $33.42 and a 1-year high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company's revenue was up 11.4% compared to the same quarter last year. Equities research analysts expect that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be paid a $0.22 dividend. 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 2.44%. 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.