Northwestern Mutual Wealth Management Co. Increases Position in Juniper Networks, Inc. (NYSE:JNPR)

Northwestern Mutual Wealth Management Co. increased its position in Juniper Networks, Inc. (NYSE:JNPR) by 7.9% in the second quarter, HoldingsChannel.com reports. The fund owned 5,791 shares of the network equipment provider’s stock after buying an additional 422 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Juniper Networks were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNPR. Larson Financial Group LLC boosted its holdings in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Juniper Networks during the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in Juniper Networks during the 2nd quarter worth about $36,000. Fidelis Capital Partners LLC purchased a new position in shares of Juniper Networks during the 1st quarter valued at about $43,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Juniper Networks in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, June 18th. Barclays decreased 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 research note on Friday, July 26th. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Finally, Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.63.

Juniper Networks Stock Down 0.1 %

JNPR opened at $38.77 on Friday. The company has a market cap of $12.60 billion, a PE ratio of 56.19, a price-to-earnings-growth ratio of 11.28 and a beta of 0.93. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $39.79. The company has a 50-day moving average price of $38.74 and a 200 day moving average price of $36.96. 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 (NYSE:JNPR) last announced its 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). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. Juniper Networks’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. Sell-side analysts expect that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 2.27%. Juniper Networks’s dividend payout ratio (DPR) is presently 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.