Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPRFree Report) by 26.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 903 shares of the network equipment provider’s stock after selling 332 shares during the quarter. AdvisorNet Financial Inc’s holdings in Juniper Networks were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in 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 purchasing an additional 447 shares in the last quarter. Quarry LP increased its stake in Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Juniper Networks in the 3rd quarter worth about $61,000. Longfellow Investment Management Co. LLC increased its stake 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Juniper Networks in the 3rd quarter worth about $76,000. 91.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays dropped their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.25.

Check Out Our Latest Report on Juniper Networks

Juniper Networks Trading Down 1.0 %

NYSE:JNPR opened at $38.47 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a fifty-two week low of $34.30 and a fifty-two week high of $39.79. The stock’s 50-day moving average is $37.24 and its two-hundred day moving average is $38.02. The stock has a market cap of $12.74 billion, a PE ratio of 50.61, a price-to-earnings-growth ratio of 8.49 and a beta of 0.88.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.29%. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

About Juniper Networks

(Free Report)

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.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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