Calamos Advisors LLC Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)

Calamos Advisors LLC lifted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,387,382 shares of the network equipment provider’s stock after purchasing an additional 232,181 shares during the period. Calamos Advisors LLC owned about 0.42% of Juniper Networks worth $51,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its stake in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Juniper Networks during the third quarter worth about $61,000. Longfellow Investment Management Co. LLC grew its holdings in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after buying an additional 839 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Juniper Networks during the 3rd quarter valued at approximately $76,000. Finally, Quarry LP lifted its position in Juniper Networks by 89.0% during the 3rd quarter. Quarry LP now owns 2,922 shares of the network equipment provider’s stock worth $114,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $34.64 on Tuesday. Juniper Networks, Inc. has a 52 week low of $33.72 and a 52 week high of $39.79. The firm’s 50-day simple moving average is $37.31 and its two-hundred day simple moving average is $38.04. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of 7.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lowered their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and a consensus target price of $39.40.

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.