Envestnet Portfolio Solutions Inc. Sells 17,567 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Envestnet Portfolio Solutions Inc. lowered its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,323 shares of the network equipment provider's stock after selling 17,567 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Juniper Networks were worth $2,184,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after acquiring an additional 363 shares during the period. Gould Capital LLC increased its position in shares of Juniper Networks by 1.9% during the third quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider's stock valued at $1,142,000 after purchasing an additional 534 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 12.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider's stock valued at $184,000 after purchasing an additional 549 shares in the last quarter. Hilltop Holdings Inc. lifted its position in Juniper Networks by 1.2% in the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider's stock worth $1,857,000 after purchasing an additional 580 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after buying an additional 616 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

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Juniper Networks Price Performance

JNPR traded up $0.01 during trading on Tuesday, hitting $36.11. The company's stock had a trading volume of 1,505,578 shares, compared to its average volume of 3,115,602. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The firm's 50 day moving average price is $36.46 and its two-hundred day moving average price is $37.46. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Sell-side analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks's dividend payout ratio (DPR) is currently 102.33%.

Insider Activity at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JNPR. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Tuesday, February 4th. StockNews.com raised Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 20th. Finally, Barclays increased their target price on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Five 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.80.

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.