Wipfli Financial Advisors LLC Acquires New Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Wipfli Financial Advisors LLC acquired a new stake in Juniper Networks, Inc. (NYSE:JNPRGet Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,178 shares of the network equipment provider’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Juniper Networks by 477.8% in the 2nd quarter. Millennium Management LLC now owns 2,736,231 shares of the network equipment provider’s stock valued at $77,983,000 after acquiring an additional 2,262,674 shares during the period. Point72 Asset Management L.P. increased its position in Juniper Networks by 196.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,315,480 shares of the network equipment provider’s stock valued at $37,491,000 after acquiring an additional 872,180 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Juniper Networks in the 2nd quarter valued at approximately $24,304,000. Woodline Partners LP acquired a new position in Juniper Networks in the 2nd quarter valued at approximately $18,983,000. Finally, Todd Asset Management LLC acquired a new position in Juniper Networks in the 2nd quarter valued at approximately $16,529,000. Institutional investors own 89.22% of the company’s stock.

Juniper Networks Stock Down 1.9 %

Juniper Networks stock opened at $31.45 on Friday. Juniper Networks, Inc. has a 1-year low of $25.18 and a 1-year high of $38.14. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91. The firm’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $29.52. The company has a current ratio of 1.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37.

Juniper Networks (NYSE:JNPRGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The network equipment provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Juniper Networks had a net margin of 8.22% and a return on equity of 10.11%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.35 billion. On average, equities research analysts predict that Juniper Networks, Inc. will post 1.42 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Wednesday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is 65.12%.

Insider Buying and Selling at Juniper Networks

In related news, SVP Robert Mobassaly sold 4,286 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $135,009.00. Following the transaction, the senior vice president now directly owns 19,221 shares of the company’s stock, valued at $605,461.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Scott Kriens sold 140,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $30.42, for a total transaction of $4,258,800.00. Following the transaction, the director now directly owns 1,860,000 shares of the company’s stock, valued at $56,581,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Mobassaly sold 4,286 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $135,009.00. Following the transaction, the senior vice president now directly owns 19,221 shares in the company, valued at $605,461.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,186 shares of company stock valued at $5,204,575. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Juniper Networks from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, October 26th. JPMorgan Chase & Co. increased their price objective on shares of Juniper Networks from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 20th. StockNews.com began coverage on shares of Juniper Networks in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Piper Sandler increased their price objective on shares of Juniper Networks from $31.00 to $32.00 in a research report on Tuesday. Finally, KeyCorp increased their price objective on shares of Juniper Networks from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.13.

About Juniper Networks

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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