Kingswood Wealth Advisors LLC Cuts Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Kingswood Wealth Advisors LLC trimmed its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,068 shares of the network equipment provider’s stock after selling 294 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Juniper Networks were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Juniper Networks in the fourth quarter worth about $28,000. Hartford Financial Management Inc. grew its holdings in shares of Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 330 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Juniper Networks in the fourth quarter valued at $35,000. Blue Trust Inc. increased its position in Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in 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 purchasing an additional 729 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $35.49, for a total transaction of $197,146.95. Following the transaction, the chief executive officer now directly owns 970,099 shares in the company, valued at $34,428,813.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now owns 69,435 shares of the company’s stock, valued at approximately $2,393,424.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $35.49, for a total transaction of $197,146.95. Following the sale, the chief executive officer now owns 970,099 shares of the company’s stock, valued at approximately $34,428,813.51. The disclosure for this sale can be found here. Insiders sold a total of 48,330 shares of company stock worth $1,708,320 in the last 90 days. Insiders own 1.28% of the company’s stock.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded up $0.21 during midday trading on Wednesday, reaching $35.69. 2,368,617 shares of the stock were exchanged, compared to its average volume of 4,042,130. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $35.12 and a two-hundred day simple moving average of $35.27. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 9.24 and a beta of 0.96.

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

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend 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 is currently 127.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JNPR shares. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Barclays increased their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com began coverage on shares of Juniper Networks in a report on Thursday, June 20th. They issued a “hold” rating for the company. Finally, Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.00.

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.