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

Twelve Points Wealth Management LLC cut its position in Juniper Networks, Inc. (NYSE:JNPR) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,833 shares of the network equipment provider’s stock after selling 20,597 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Juniper Networks were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in shares of 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 worth $46,000 after acquiring an additional 447 shares in the last quarter. Quarry LP boosted its holdings in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares during the period. Sentry Investment Management LLC acquired a new position in Juniper Networks during the 3rd quarter worth $61,000. Longfellow Investment Management Co. LLC increased its holdings in Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock worth $71,000 after purchasing an additional 839 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Juniper Networks in the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analysts Set New Price Targets

JNPR has been the topic of a number of recent research reports. Barclays cut their target price 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. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.25.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $34.99 on Thursday. The firm has a market capitalization of $11.58 billion, a P/E ratio of 46.04, a P/E/G ratio of 8.57 and a beta of 0.88. 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 firm’s 50 day moving average is $37.38 and its two-hundred day moving average is $38.08.

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.