Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,852 shares of the network equipment provider’s stock after selling 1,350 shares during the quarter. Mendota Financial Group LLC’s holdings in Juniper Networks were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the last quarter. Quarry LP boosted its stake in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares during the period. Sentry Investment Management LLC purchased a new position in Juniper Networks during the 3rd quarter worth $61,000. Longfellow Investment Management Co. LLC increased its stake in Juniper Networks by 84.7% in the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after purchasing an additional 839 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Juniper Networks in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Up 0.1 %

Juniper Networks stock opened at $38.47 on Tuesday. The stock’s 50 day moving average price is $37.28 and its 200 day moving average price is $37.97. The company has a market cap of $12.74 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 11.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a 1-year low of $34.30 and a 1-year high of $39.79.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Wall Street Analysts Forecast Growth

JNPR has been the topic of a number of research reports. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Barclays cut 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. Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Company 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.