Inlight Wealth Management LLC Purchases New Stake in Juniper Networks, Inc. (NYSE:JNPR)

Inlight Wealth Management LLC purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the network equipment provider’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also made changes to their positions in JNPR. Norges Bank acquired a new stake in shares of Juniper Networks during the 4th quarter valued at approximately $262,618,000. FIL Ltd grew its stake in Juniper Networks by 20.5% during the 4th 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 grew its stake 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 buying an additional 1,559,884 shares during the last quarter. Melqart Asset Management UK Ltd bought a new position in Juniper Networks during the 4th quarter worth $43,413,000. Finally, Hudson Bay Capital Management LP grew its stake in Juniper Networks by 70.1% during 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 buying an additional 1,158,713 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on JNPR shares. Wall Street Zen upgraded Juniper Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, Barclays upped their price objective on Juniper Networks from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.00.

Juniper Networks Trading Up 0.5%

NYSE:JNPR opened at $36.04 on Friday. Juniper Networks, Inc. has a 1 year low of $33.42 and a 1 year high of $39.79. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.99 and a beta of 0.78. The business has a fifty day moving average of $35.81 and a 200-day moving average of $36.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 1.49.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks’s payout ratio is 83.81%.

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.