Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes $1.37 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,684 shares of the network equipment provider’s stock, valued at approximately $1,374,000.

Several other hedge funds also recently added to or reduced their stakes in JNPR. Venturi Wealth Management LLC lifted its holdings in shares of Juniper Networks by 60.3% in the 3rd 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 last quarter. Quarry LP increased its stake in Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares during the period. Sentry Investment Management LLC purchased a new stake in Juniper Networks during the third quarter worth about $61,000. Longfellow Investment Management Co. LLC lifted its holdings in Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after buying an additional 839 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Juniper Networks in the third quarter valued at $76,000. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Performance

NYSE JNPR opened at $38.67 on Tuesday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 8.57 and a beta of 0.88. The business’s 50 day moving average is $37.37 and its two-hundred day moving average is $38.11. Juniper Networks, Inc. has a 12-month low of $34.30 and a 12-month high of $39.79. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, December 2nd. Juniper Networks’s payout ratio is 115.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Barclays lowered their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.25.

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.