Kwmg LLC Sells 1,286 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Kwmg LLC decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,496 shares of the network equipment provider’s stock after selling 1,286 shares during the period. Kwmg LLC’s holdings in Juniper Networks were worth $5,948,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JNPR. GAMMA Investing LLC bought a new position in shares of Juniper Networks during the 4th quarter valued at approximately $28,000. Hartford Financial Management Inc. increased its stake in shares of Juniper Networks by 51.3% during the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after buying an additional 330 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Juniper Networks during the fourth quarter valued at $35,000. Blue Trust Inc. increased its stake in shares of Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after buying an additional 368 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of Juniper Networks by 90.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock valued at $45,000 after buying an additional 729 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of JNPR stock traded up $0.18 during midday trading on Wednesday, hitting $35.66. The company had a trading volume of 1,254,188 shares, compared to its average volume of 4,031,875. The company’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $35.27. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 51.31, a PEG ratio of 9.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts anticipate that Juniper Networks, Inc. will post 1.08 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were paid a $0.22 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Wall Street Analyst Weigh In

JNPR has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. StockNews.com began coverage on Juniper Networks in a report on Thursday, June 20th. They issued a “hold” rating for the company. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, June 18th. Finally, Barclays raised their price target on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.00.

Insider Activity at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the completion of the transaction, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $37.06, for a total transaction of $205,868.30. Following the sale, the chief executive officer now owns 1,003,429 shares in the company, valued at $37,187,078.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the sale, the chief financial officer now owns 69,435 shares in the company, valued at approximately $2,393,424.45. The disclosure for this sale can be found here. Insiders have sold a total of 48,330 shares of company stock worth $1,708,320 over the last three months. 1.28% of the stock is currently owned by corporate 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.