Slotnik Capital LLC Cuts Position in Juniper Networks, Inc. (NYSE:JNPR)

Slotnik Capital LLC trimmed its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,000 shares of the network equipment provider's stock after selling 7,000 shares during the period. Juniper Networks accounts for about 3.8% of Slotnik Capital LLC's portfolio, making the stock its 9th biggest holding. Slotnik Capital LLC owned approximately 0.07% of Juniper Networks worth $8,351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Juniper Networks by 25.5% in the 4th quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider's stock valued at $1,412,000 after purchasing an additional 7,668 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Juniper Networks during the 4th quarter valued at $1,374,000. US Bancorp DE increased its position in shares of Juniper Networks by 4.5% in the fourth quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock worth $577,000 after purchasing an additional 660 shares during the period. State Street Corp increased its holdings in Juniper Networks by 3.8% in the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after buying an additional 574,418 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Juniper Networks by 12.1% during the 4th quarter. KBC Group NV now owns 88,162 shares of the network equipment provider's stock worth $3,302,000 after acquiring an additional 9,548 shares during the period. 91.95% of the stock is currently owned by institutional investors.

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Juniper Networks Stock Performance

JNPR stock traded up $0.62 during midday trading on Tuesday, reaching $34.76. 1,351,452 shares of the company's stock traded hands, compared to its average volume of 3,280,225. The firm has a market capitalization of $11.58 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The company has a 50-day moving average price of $35.84 and a two-hundred day moving average price of $37.25. Juniper Networks, Inc. has a 52 week low of $33.42 and a 52 week high of $39.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results 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%. As a group, equities analysts anticipate that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 3rd. Juniper Networks's payout ratio is 102.33%.

Insider Buying and Selling

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JNPR shares. StockNews.com downgraded shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. 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 report on Tuesday, February 4th. Barclays boosted their target price on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.80.

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.