Mint Tower Capital Management B.V. Purchases Shares of 34,000 Juniper Networks, Inc. (NYSE:JNPR)

Mint Tower Capital Management B.V. purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,000 shares of the network equipment provider's stock, valued at approximately $1,273,000.

A number of other hedge funds also recently made changes to their positions in JNPR. Hollencrest Capital Management bought a new position in shares of Juniper Networks during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Juniper Networks by 47.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after acquiring an additional 363 shares during the period. Larson Financial Group LLC boosted its stake in shares of Juniper Networks by 139.5% in the 4th quarter. Larson Financial Group LLC now owns 1,794 shares of the network equipment provider's stock valued at $67,000 after purchasing an additional 1,045 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Juniper Networks in the 3rd quarter worth about $76,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Juniper Networks by 41.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,099 shares of the network equipment provider's stock worth $78,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Trading Down 0.3 %

Shares of NYSE JNPR traded down $0.11 during mid-day trading on Monday, hitting $36.02. The company's stock had a trading volume of 264,719 shares, compared to its average volume of 3,905,122. Juniper Networks, Inc. has a one year low of $33.72 and a one year high of $39.79. The company's fifty day simple moving average is $36.26 and its 200-day simple moving average is $37.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86.

Remove Ads

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. On average, sell-side analysts anticipate that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 3rd were given a $0.22 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks's dividend payout ratio is presently 102.33%.

Insider Buying and Selling

In other news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on JNPR. Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Tuesday, February 4th. StockNews.com cut Juniper Networks from a "strong-buy" rating to a "buy" rating in a report on Friday. Barclays boosted their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Argus cut Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks has a consensus rating of "Hold" and an average target price of $39.80.

Juniper Networks 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.