Foster & Motley Inc. Sells 2,494 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Foster & Motley Inc. lessened its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,570 shares of the network equipment provider’s stock after selling 2,494 shares during the quarter. Foster & Motley Inc.’s holdings in Juniper Networks were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Hartford Financial Management Inc. grew its stake in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 330 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Juniper Networks by 74.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after acquiring an additional 456 shares during the period. Blue Trust Inc. grew its stake in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after acquiring an additional 368 shares during the period. Lindbrook Capital LLC grew its stake in shares of Juniper Networks by 90.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after acquiring an additional 729 shares during the period. Finally, Planned Solutions Inc. bought a new position in shares of Juniper Networks during the 4th quarter worth $74,000. Institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on JNPR shares. Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Rosenblatt Securities raised their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. StockNews.com initiated coverage on Juniper Networks in a report on Wednesday, April 17th. They set a “hold” rating on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.27.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $35.90 on Wednesday. The stock has a market capitalization of $11.65 billion, a P/E ratio of 37.79, a price-to-earnings-growth ratio of 7.40 and a beta of 0.98. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The business’s 50 day simple moving average is $36.91 and its two-hundred day simple moving average is $32.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. Analysts forecast that Juniper Networks, Inc. will post 1.37 EPS for the current year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s dividend payout ratio is presently 92.63%.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the completion of the transaction, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the completion of the sale, the chief executive officer now owns 829,406 shares in the company, valued at $30,770,962.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert Mobassaly sold 5,173 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,302 shares of company stock worth $8,005,602. 1.29% of the stock is owned by insiders.

Juniper Networks 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.