Axecap Investments LLC Invests $2 Million in Juniper Networks, Inc. (NYSE:JNPR)

Axecap Investments LLC bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 51,206 shares of the network equipment provider's stock, valued at approximately $1,996,000.

A number of other large investors have also recently added to or reduced their stakes in JNPR. Pacer Advisors Inc. raised its stake in shares of Juniper Networks by 14,314.7% in the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider's stock valued at $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Juniper Networks by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider's stock valued at $115,125,000 after acquiring an additional 114,795 shares during the period. Alpine Associates Management Inc. lifted its holdings in shares of Juniper Networks by 9.1% during the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider's stock valued at $86,562,000 after acquiring an additional 197,400 shares during the period. Magnetar Financial LLC bought a new position in shares of Juniper Networks during the first quarter valued at $86,494,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Juniper Networks by 14.4% during the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider's stock valued at $69,716,000 after acquiring an additional 240,385 shares during the period. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Down 0.0 %

Shares of JNPR traded down $0.01 on Thursday, hitting $39.16. The company's stock had a trading volume of 3,028,244 shares, compared to its average volume of 3,562,248. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $38.85 and its 200-day moving average price is $37.08. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $39.79. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 56.77, a P/E/G ratio of 11.26 and a beta of 0.93.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The company's revenue was down 16.8% on a year-over-year basis. On average, equities research analysts expect that Juniper Networks, Inc. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

JNPR has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com initiated coverage on Juniper Networks in a report on Monday, September 16th. They issued a "hold" rating for the company. Barclays cut their price target on Juniper Networks from $41.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $37.63.

About Juniper Networks

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.