Juniper Networks, Inc. (NYSE:JNPR) Stock Holdings Lifted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in Juniper Networks, Inc. (NYSE:JNPR) by 166.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,270 shares of the network equipment provider’s stock after acquiring an additional 5,791 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Juniper Networks were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd boosted its stake in shares of Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock valued at $477,593,000 after buying an additional 2,167,567 shares during the period. Melqart Asset Management UK Ltd acquired a new stake in Juniper Networks during the fourth quarter valued at $43,413,000. Hudson Bay Capital Management LP grew its stake in Juniper Networks by 70.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,811,005 shares of the network equipment provider’s stock valued at $105,272,000 after purchasing an additional 1,158,713 shares in the last quarter. Deutsche Bank AG increased its position in Juniper Networks by 66.1% in the 4th quarter. Deutsche Bank AG now owns 2,568,829 shares of the network equipment provider’s stock worth $96,203,000 after purchasing an additional 1,022,508 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Juniper Networks by 17.8% during the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider’s stock worth $244,372,000 after purchasing an additional 987,431 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

NYSE JNPR opened at $39.95 on Thursday. Juniper Networks, Inc. has a 1 year low of $33.42 and a 1 year high of $39.96. The company has a fifty day simple moving average of $37.84 and a 200 day simple moving average of $36.68. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The company has a market cap of $13.36 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.20 and a beta of 0.80.

Juniper Networks (NYSE:JNPR) last released its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, sell-side analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.20%. Juniper Networks’s payout ratio is 83.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JNPR shares. Barclays increased 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. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Four 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 stock. According to data from MarketBeat.com, Juniper Networks presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

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.