Slotnik Capital LLC Acquires 125,000 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Slotnik Capital LLC raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 119.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,000 shares of the network equipment provider’s stock after acquiring an additional 125,000 shares during the period. Juniper Networks comprises approximately 3.0% of Slotnik Capital LLC’s portfolio, making the stock its 11th biggest holding. Slotnik Capital LLC owned about 0.07% of Juniper Networks worth $8,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 745 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks in the second quarter worth $36,000. Venturi Wealth Management LLC lifted its stake 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 worth $46,000 after acquiring an additional 447 shares during the period. Finally, Quarry LP lifted its stake in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after acquiring an additional 644 shares during the period. 91.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on JNPR. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating for the company. Barclays dropped their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $35.92 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $11.89 billion, a P/E ratio of 47.26, a P/E/G ratio of 11.38 and a beta of 0.93. The business has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $37.45. Juniper Networks, Inc. has a 12 month low of $27.87 and a 12 month high of $39.79.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s payout ratio is presently 115.79%.

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.