Sierra Summit Advisors LLC Has $1.29 Million Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Sierra Summit Advisors LLC raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,473 shares of the network equipment provider's stock after buying an additional 8,104 shares during the quarter. Sierra Summit Advisors LLC's holdings in Juniper Networks were worth $1,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hollencrest Capital Management acquired a new stake in Juniper Networks in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank boosted its stake in shares of Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock valued at $47,000 after purchasing an additional 605 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock worth $67,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

Remove Ads

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. The trade was a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.28% of the company's stock.

Juniper Networks Stock Up 0.8 %

Shares of JNPR traded up $0.26 during mid-day trading on Friday, hitting $34.90. 1,817,097 shares of the company's stock were exchanged, compared to its average volume of 3,284,936. The company has a 50-day simple moving average of $35.78 and a 200 day simple moving average of $37.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The company has a market cap of $11.63 billion, a PE ratio of 40.58, a P/E/G ratio of 2.20 and a beta of 0.84. Juniper Networks, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share 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%. On average, research analysts forecast that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's dividend payout ratio (DPR) is 102.33%.

Analysts Set New Price Targets

JNPR has been the subject of a number of research analyst reports. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. StockNews.com downgraded Juniper Networks from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 28th. Barclays boosted their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $39.80.

About Juniper Networks

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.