Custom Index Systems LLC Buys 8,722 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Custom Index Systems LLC increased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 83.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,148 shares of the network equipment provider’s stock after acquiring an additional 8,722 shares during the quarter. Custom Index Systems LLC’s holdings in Juniper Networks were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Larson Financial Group LLC raised 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 acquiring an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new position in Juniper Networks during the 2nd quarter valued at about $31,000. Longfellow Investment Management Co. LLC bought a new position in Juniper Networks during the 2nd quarter valued at approximately $36,000. Fidelis Capital Partners LLC purchased a new stake in Juniper Networks in the 1st quarter worth approximately $43,000. Finally, Quarry LP grew its position in shares of Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Stock Down 0.2 %

JNPR stock traded down $0.08 on Friday, reaching $39.08. 4,341,189 shares of the company traded hands, compared to its average volume of 3,146,467. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $39.79. The company has a market cap of $12.86 billion, a P/E ratio of 54.28, a price-to-earnings-growth ratio of 11.74 and a beta of 0.93. The firm has a fifty day simple moving average of $38.86 and a 200-day simple moving average of $37.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23.

Juniper Networks (NYSE:JNPR) last announced its quarterly 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. Research analysts anticipate that Juniper Networks, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JNPR. StockNews.com started coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. 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 report on Friday, July 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.63.

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.