Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC trimmed its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,833 shares of the network equipment provider's stock after selling 20,597 shares during the period. Twelve Points Wealth Management LLC's holdings in Juniper Networks were worth $293,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after purchasing an additional 574,418 shares in the last quarter. Geode Capital Management LLC lifted its stake in Juniper Networks by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock valued at $371,269,000 after buying an additional 417,050 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock valued at $115,276,000 after buying an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. increased its position in Juniper Networks by 12.7% during the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock worth $104,313,000 after buying an additional 301,900 shares in the last quarter. Finally, ING Groep NV raised its holdings in shares of Juniper Networks by 30.6% in the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider's stock worth $46,048,000 after acquiring an additional 276,891 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Barclays decreased their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Juniper Networks has a consensus rating of "Hold" and an average price target of $39.25.

Juniper Networks Trading Down 2.2 %

NYSE JNPR traded down $0.79 during trading hours on Thursday, hitting $34.37. 20,631,223 shares of the company's stock were exchanged, compared to its average volume of 4,900,103. The business's 50 day moving average is $37.38 and its 200-day moving average is $38.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79. The firm has a market capitalization of $11.38 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88.

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.