Quest Partners LLC Sells 5,491 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Quest Partners LLC lessened its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 77.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,639 shares of the network equipment provider’s stock after selling 5,491 shares during the quarter. Quest Partners LLC’s holdings in Juniper Networks were worth $60,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oak Thistle LLC boosted its position in Juniper Networks by 4.6% during the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after buying an additional 353 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of Juniper Networks by 3.0% during the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after purchasing an additional 370 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Juniper Networks by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Juniper Networks by 8.9% in the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock valued at $179,000 after purchasing an additional 402 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in Juniper Networks by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 27,649 shares of the network equipment provider’s stock worth $1,008,000 after purchasing an additional 450 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on JNPR. StockNews.com began coverage on Juniper Networks in a research report on Monday. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Barclays lowered their price target on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Finally, Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, June 18th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and an average target price of $36.25.

Insider Buying and Selling

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 28,669 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $36.53, for a total value of $1,047,278.57. Following the completion of the sale, the chief financial officer now owns 56,107 shares of the company’s stock, valued at $2,049,588.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 108,669 shares of company stock valued at $3,947,279. 1.28% of the stock is owned by company insiders.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $38.98 on Thursday. The firm has a 50 day moving average of $38.22 and a 200-day moving average of $36.73. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 56.59, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $39.09.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, equities analysts forecast that Juniper Networks, Inc. will post 0.97 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 2nd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

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.