Commonwealth Equity Services LLC Has $604,000 Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Commonwealth Equity Services LLC decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,578 shares of the network equipment provider’s stock after selling 413 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Juniper Networks were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JNPR. Hohimer Wealth Management LLC grew its position in Juniper Networks by 3.0% in the 4th quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock valued at $371,000 after purchasing an additional 370 shares during the period. Harbor Capital Advisors Inc. lifted its position 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 last quarter. Linden Thomas Advisory Services LLC increased its holdings 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 valued at $1,008,000 after purchasing an additional 450 shares during the period. Wahed Invest LLC raised its holdings in Juniper Networks by 9.2% in the 4th quarter. Wahed Invest LLC now owns 5,427 shares of the network equipment provider’s stock worth $160,000 after purchasing an additional 459 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Juniper Networks by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 34,928 shares of the network equipment provider’s stock valued at $1,294,000 after purchasing an additional 495 shares during the period. Institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JNPR shares. StockNews.com assumed coverage on Juniper Networks in a research report on Monday. They issued a “hold” rating for the company. Barclays dropped their target price 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. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, June 18th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.25.

Juniper Networks Trading Down 0.1 %

Shares of NYSE:JNPR opened at $38.96 on Friday. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93. The business’s 50 day moving average price is $38.26 and its 200-day moving average price is $36.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $39.13.

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

Juniper Networks Announces Dividend

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

Insider Activity at Juniper Networks

In related news, CFO Kenneth Bradley Miller sold 40,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total value of $1,440,000.00. Following the transaction, the chief financial officer now directly owns 29,435 shares of the company’s stock, valued at approximately $1,059,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 108,669 shares of company stock worth $3,947,279 in the last three months. 1.28% of the stock is owned by company insiders.

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.