Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 39.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,193 shares of the network equipment provider’s stock after acquiring an additional 127,587 shares during the period. Penserra Capital Management LLC owned approximately 0.14% of Juniper Networks worth $16,364,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Juniper Networks during the 4th quarter valued at $262,618,000. FIL Ltd grew its position in Juniper Networks by 20.5% in the fourth quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock worth $477,593,000 after buying an additional 2,167,567 shares during the last quarter. Amundi boosted its stake in shares of Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider’s stock worth $159,510,000 after acquiring an additional 1,559,884 shares in the last quarter. Melqart Asset Management UK Ltd acquired a new position in shares of Juniper Networks in the 4th quarter worth $43,413,000. Finally, Hudson Bay Capital Management LP grew its holdings in shares of Juniper Networks by 70.1% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,811,005 shares of the network equipment provider’s stock worth $105,272,000 after acquiring an additional 1,158,713 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $39.95 on Friday. Juniper Networks, Inc. has a 1 year low of $33.42 and a 1 year high of $39.96. 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. 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 stock has a 50-day moving average price of $36.52 and a 200 day moving average price of $36.39.

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. The business 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 firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JNPR. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Barclays boosted their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.00.

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.