Proficio Capital Partners LLC Makes New $1.93 Million Investment in Juniper Networks, Inc. (NYSE:JNPR)

Proficio Capital Partners LLC bought a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,419 shares of the network equipment provider's stock, valued at approximately $1,926,000.

Other large investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC lifted its stake in shares of Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock valued at $71,000 after buying an additional 839 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Juniper Networks during the 3rd quarter valued at $76,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $78,000 after buying an additional 616 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Juniper Networks by 32.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,654 shares of the network equipment provider's stock valued at $99,000 after buying an additional 643 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Juniper Networks by 89.0% during the 3rd quarter. Quarry LP now owns 2,922 shares of the network equipment provider's stock valued at $114,000 after buying an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Tuesday, February 4th. Argus cut shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, Barclays boosted their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.80.

Insider Transactions at Juniper Networks

In related news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 94,771 shares in the company, valued at approximately $3,413,651.42. This represents a 24.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.28% of the company's stock.

Juniper Networks Price Performance

Shares of Juniper Networks stock traded down $0.10 during trading hours on Friday, reaching $36.07. The company's stock had a trading volume of 6,074,254 shares, compared to its average volume of 3,120,782. The firm has a 50 day moving average price of $36.50 and a 200-day moving average price of $37.49. Juniper Networks, Inc. has a one year low of $33.72 and a one year high of $39.79. 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 $12.02 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.20 and a beta of 0.86.

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

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be issued a $0.22 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Juniper Networks's dividend payout ratio (DPR) is presently 102.33%.

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.