Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,852 shares of the network equipment provider’s stock after selling 1,350 shares during the quarter. Mendota Financial Group LLC’s holdings in Juniper Networks were worth $144,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Juniper Networks by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after buying an additional 422 shares during the period. Keene & Associates Inc. increased its stake in Juniper Networks by 3.8% during the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock worth $419,000 after acquiring an additional 425 shares during the last quarter. Venturi Wealth Management LLC raised its position in Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 shares during the period. Xponance Inc. lifted its stake in shares of Juniper Networks by 1.0% in the 2nd quarter. Xponance Inc. now owns 47,997 shares of the network equipment provider’s stock valued at $1,750,000 after purchasing an additional 460 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in Juniper Networks by 1.7% in the second quarter. Elo Mutual Pension Insurance Co now owns 29,764 shares of the network equipment provider’s stock valued at $1,085,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Stock Up 0.1 %

Shares of Juniper Networks stock opened at $38.47 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a 52-week low of $34.30 and a 52-week high of $39.79. The company has a market capitalization of $12.74 billion, a P/E ratio of 50.62, a P/E/G ratio of 11.75 and a beta of 0.88. The company has a 50 day moving average of $37.28 and a 200 day moving average of $37.97.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 115.79%.

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.