One68 Global Capital LLC Takes Position in Juniper Networks, Inc. (NYSE:JNPR)

One68 Global Capital LLC bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 501,474 shares of the network equipment provider's stock, valued at approximately $18,780,000. Juniper Networks comprises approximately 9.8% of One68 Global Capital LLC's investment portfolio, making the stock its 2nd largest holding. One68 Global Capital LLC owned approximately 0.15% of Juniper Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Juniper Networks during the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC lifted its stake in Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after buying an additional 363 shares in the last quarter. Huntington National Bank boosted its holdings in Juniper Networks by 91.9% in the 4th quarter. Huntington National Bank now owns 1,263 shares of the network equipment provider's stock worth $47,000 after buying an additional 605 shares during the last quarter. Larson Financial Group LLC increased its stake in Juniper Networks by 139.5% during the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock worth $67,000 after buying an additional 1,045 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Juniper Networks by 41.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock valued at $78,000 after acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Insider Activity

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of Juniper Networks stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the sale, the chief operating officer now owns 94,771 shares of the company's stock, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by company insiders.

Juniper Networks Stock Down 0.3 %

Shares of NYSE:JNPR traded down $0.12 during trading on Monday, hitting $36.52. The company's stock had a trading volume of 502,421 shares, compared to its average volume of 3,568,952. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. The business has a 50 day moving average price of $35.52 and a two-hundred day moving average price of $36.70. Juniper Networks, Inc. has a fifty-two week low of $33.42 and a fifty-two week high of $39.79. The company has a market capitalization of $12.21 billion, a PE ratio of 42.46, a P/E/G ratio of 2.20 and a beta of 0.84.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. As a group, research analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. Juniper Networks's payout ratio is 102.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on JNPR shares. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, February 4th. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday. Barclays raised their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $40.00.

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.