MBB Public Markets I LLC Makes New $818,000 Investment in Juniper Networks, Inc. (NYSE:JNPR)

MBB Public Markets I LLC purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,428 shares of the network equipment provider’s stock, valued at approximately $818,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Juniper Networks by 2,069.4% during the 2nd 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 acquired a new position in Juniper Networks in the second quarter valued at about $31,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks in the second quarter valued at about $36,000. Fidelis Capital Partners LLC acquired a new position in Juniper Networks in the first quarter valued at about $43,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Juniper Networks during the first quarter worth about $55,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on JNPR shares. 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 research note on Tuesday, June 18th. Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays cut their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. StockNews.com assumed coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.67.

Juniper Networks Trading Down 0.3 %

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

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The firm 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 in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts anticipate that Juniper Networks, Inc. will post 0.97 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, September 23rd. Shareholders of record on Monday, September 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

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.