Walled Lake Planning & Wealth Management LLC Has $5.75 Million Stake in Juniper Networks, Inc. (NYSE:JNPR)

Walled Lake Planning & Wealth Management LLC decreased its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,975 shares of the network equipment provider’s stock after selling 5,549 shares during the quarter. Juniper Networks accounts for approximately 2.0% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Walled Lake Planning & Wealth Management LLC’s holdings in Juniper Networks were worth $5,753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in Juniper Networks by 30.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider’s stock worth $44,000 after acquiring an additional 283 shares in the last quarter. Huntington National Bank increased its stake in shares of Juniper Networks by 91.9% in the fourth quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider’s stock valued at $47,000 after buying an additional 605 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of Juniper Networks by 39.6% in the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the network equipment provider’s stock valued at $49,000 after buying an additional 387 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Juniper Networks in the first quarter valued at approximately $56,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Juniper Networks in the first quarter valued at approximately $72,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JNPR shares. Wall Street Zen raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, Barclays upped their price objective on Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $39.95 on Tuesday. The business’s 50 day simple moving average is $37.68 and its 200 day simple moving average is $36.63. Juniper Networks, Inc. has a one year low of $33.42 and a one year high of $39.96. The stock has a market capitalization of $13.36 billion, a PE ratio of 38.05, a PEG ratio of 2.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.16.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, June 2nd. Juniper Networks’s payout ratio is currently 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.