Longfellow Investment Management Co. LLC Buys New Shares in Juniper Networks, Inc. (NYSE:JNPR)

Longfellow Investment Management Co. LLC purchased a new position in Juniper Networks, Inc. (NYSE:JNPR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 991 shares of the network equipment provider’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 745 shares during the period. OFI Invest Asset Management purchased a new position in Juniper Networks during the second quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Juniper Networks in the 1st quarter valued at $43,000. Johnson Financial Group Inc. acquired a new position in shares of Juniper Networks in the 4th quarter valued at $35,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Juniper Networks during the 1st quarter worth $55,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. StockNews.com began coverage on shares of Juniper Networks in a research report on Sunday. They set a “hold” rating on the stock. Barclays decreased their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, June 18th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.25.

Juniper Networks Stock Up 0.3 %

Juniper Networks stock traded up $0.13 during midday trading on Monday, hitting $38.53. 45,487 shares of the stock were exchanged, compared to its average volume of 3,511,996. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $39.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The firm has a market cap of $12.68 billion, a P/E ratio of 55.65, a P/E/G ratio of 11.14 and a beta of 0.93. The company has a 50 day moving average price of $37.95 and a two-hundred day moving average price of $36.66.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts predict that Juniper Networks, Inc. will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is currently 127.54%.

Insider Transactions at Juniper Networks

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 40,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the completion of the transaction, the chief financial officer now directly owns 124,776 shares of the company’s stock, valued at approximately $4,554,324. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 108,669 shares of company stock valued at $3,947,279. 1.28% of the stock is currently owned by corporate insiders.

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.