Hollencrest Capital Management Acquires New Position in Juniper Networks, Inc. (NYSE:JNPR)

Hollencrest Capital Management bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,005 shares of the network equipment provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also bought and sold shares of the stock. Sather Financial Group Inc grew its holdings in shares of Juniper Networks by 17.6% during the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after buying an additional 38,936 shares during the last quarter. Principal Financial Group Inc. lifted its position in Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after acquiring an additional 21,651 shares during the period. Pacer Advisors Inc. lifted its position in Juniper Networks by 25.5% during the 4th quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider’s stock worth $1,412,000 after acquiring an additional 7,668 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after purchasing an additional 33,016 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Juniper Networks in the fourth quarter valued at about $1,374,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Insider Buying and Selling

In related news, COO Manoj Leelanivas sold 30,978 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now owns 94,771 shares of the company’s stock, valued at approximately $3,413,651.42. The trade was a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

JNPR has been the subject of a number of research reports. StockNews.com downgraded Juniper Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Barclays lifted their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Argus lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $35.61 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.20 and a beta of 0.86. The firm’s 50 day simple moving average is $36.81 and its 200-day simple moving average is $37.63. Juniper Networks, Inc. has a 12 month low of $33.72 and a 12 month high of $39.79.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Analysts expect that Juniper Networks, Inc. will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. Juniper Networks’s dividend payout ratio is presently 102.33%.

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.