MBB Public Markets I LLC Acquires Shares of 22,428 Juniper Networks, Inc. (NYSE:JNPR)

MBB Public Markets I LLC purchased a new position in Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,428 shares of the network equipment provider’s stock, valued at approximately $818,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JNPR. Larson Financial Group LLC grew its position in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks in the second quarter worth $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of Juniper Networks in the first quarter worth $43,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Juniper Networks in the first quarter worth $55,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JNPR has been the topic of several recent analyst reports. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, June 18th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays cut their price target on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Finally, StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.67.

Juniper Networks Trading Down 0.3 %

Shares of NYSE JNPR opened at $38.88 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The stock has a market capitalization of $12.64 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 11.28 and a beta of 0.93. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $39.79. The business has a fifty day moving average price of $38.56 and a 200 day moving average price of $36.86.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. Equities research analysts expect that Juniper Networks, Inc. will post 0.97 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, August 30th. Juniper Networks’s dividend payout ratio is presently 127.54%.

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.