Parallel Advisors LLC Sells 3,079 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Parallel Advisors LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 19.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,105 shares of the network equipment provider’s stock after selling 3,079 shares during the quarter. Parallel Advisors LLC’s holdings in Juniper Networks were worth $491,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 363 shares in the last quarter. Gould Capital LLC raised its holdings in 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 buying an additional 534 shares in the last quarter. Harbor Capital Advisors Inc. grew its position 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 during the last quarter. Hilltop Holdings Inc. grew its position in shares of Juniper Networks by 1.2% in the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock valued at $1,857,000 after purchasing an additional 580 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Juniper Networks by 41.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider’s stock valued at $78,000 after purchasing an additional 616 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Juniper Networks

In other news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.28% of the company’s stock.

Juniper Networks Stock Up 0.2 %

JNPR stock opened at $36.15 on Friday. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79. The company has a market cap of $12.04 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The business’s 50-day simple moving average is $36.55 and its 200 day simple moving average is $37.52. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data 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 anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Monday, March 3rd. Juniper Networks’s payout ratio is 102.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, February 4th. Argus downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Barclays raised their price target on Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised Juniper Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Five 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.80.

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.