Walled Lake Planning & Wealth Management LLC Cuts Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Walled Lake Planning & Wealth Management LLC trimmed its position in Juniper Networks, Inc. (NYSE:JNPR) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 164,524 shares of the network equipment provider’s stock after selling 324 shares during the period. Juniper Networks comprises about 2.3% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position. Walled Lake Planning & Wealth Management LLC’s holdings in Juniper Networks were worth $6,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JNPR. Vanguard Group Inc. lifted its position in shares of Juniper Networks by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider’s stock worth $1,620,269,000 after buying an additional 599,214 shares in the last quarter. State Street Corp grew its stake in Juniper Networks by 3.8% during the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after buying an additional 574,418 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Juniper Networks by 4.6% during the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock worth $371,269,000 after buying an additional 417,050 shares during the period. Norges Bank purchased a new stake in Juniper Networks in the fourth quarter valued at approximately $262,618,000. Finally, Amundi grew its position in 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 purchasing an additional 1,559,884 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Juniper Networks

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

Juniper Networks Stock Down 0.2 %

NYSE:JNPR opened at $36.10 on Friday. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The firm has a market capitalization of $12.03 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $36.26 and a 200-day moving average of $37.41.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Monday, March 3rd. Juniper Networks’s payout ratio is 102.33%.

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.