E. Ohman J or Asset Management AB Cuts Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

E. Ohman J or Asset Management AB cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,300 shares of the network equipment provider’s stock after selling 2,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Juniper Networks were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after acquiring an additional 447 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Juniper Networks in the 3rd quarter valued at about $61,000. Longfellow Investment Management Co. LLC raised its holdings in Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after purchasing an additional 839 shares during the period. Brooklyn Investment Group purchased a new position in Juniper Networks during the third quarter worth approximately $76,000. Finally, Quarry LP grew its holdings in Juniper Networks by 89.0% in the third quarter. Quarry LP now owns 2,922 shares of the network equipment provider’s stock valued at $114,000 after purchasing an additional 1,376 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

JNPR opened at $35.99 on Friday. Juniper Networks, Inc. has a twelve month low of $33.72 and a twelve month high of $39.79. The firm has a market capitalization of $11.91 billion, a PE ratio of 47.35, a PEG ratio of 7.70 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $37.30 and its 200 day moving average price is $38.00.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 0.89 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, March 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays upped their target price on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Evercore ISI raised shares of 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. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks presently has a consensus rating of “Hold” and a consensus price target 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.