51,206 Shares in Juniper Networks, Inc. (NYSE:JNPR) Bought by Axecap Investments LLC

Axecap Investments LLC purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,206 shares of the network equipment provider’s stock, valued at approximately $1,996,000.

A number of other large investors have also recently bought and sold shares of JNPR. Larson Financial Group LLC boosted its holdings in shares of Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Juniper Networks during the second quarter worth about $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks during the second quarter worth about $36,000. Fidelis Capital Partners LLC purchased a new stake in Juniper Networks during the first quarter worth about $43,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Juniper Networks during the first quarter worth about $55,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analysts Set New Price Targets

JNPR has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Barclays decreased their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.63.

Juniper Networks Stock Performance

NYSE:JNPR opened at $39.17 on Thursday. The firm has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $37.08. 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 $12.73 billion, a PE ratio of 56.77, a P/E/G ratio of 11.26 and a beta of 0.93. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $39.79.

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

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.