Twelve Points Wealth Management LLC Reduces Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Twelve Points Wealth Management LLC cut its stake in Juniper Networks, Inc. (NYSE:JNPR) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,430 shares of the network equipment provider’s stock after selling 428 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Juniper Networks were worth $1,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oak Thistle LLC boosted its stake in Juniper Networks by 4.6% in the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after purchasing an additional 353 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Juniper Networks by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock valued at $1,019,000 after acquiring an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Juniper Networks by 8.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after acquiring an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Juniper Networks by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after purchasing an additional 422 shares in the last quarter. Finally, Keene & Associates Inc. boosted its holdings in Juniper Networks by 3.8% in the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after purchasing an additional 425 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Performance

NYSE JNPR opened at $39.14 on Thursday. The company has a 50-day simple moving average of $38.80 and a two-hundred day simple moving average of $37.00. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $39.79. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 11.26 and a beta of 0.93. 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 released its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was down 16.8% on a year-over-year basis. On average, equities analysts forecast that Juniper Networks, Inc. will post 0.97 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of recent analyst reports. Barclays lowered their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Juniper Networks presently has a consensus rating of “Hold” and a consensus target price of $37.63.

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.