Longfellow Investment Management Co. LLC Has $71,000 Stake in Juniper Networks, Inc. (NYSE:JNPR)

Longfellow Investment Management Co. LLC grew its stake in Juniper Networks, Inc. (NYSE:JNPR) by 84.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,830 shares of the network equipment provider’s stock after buying an additional 839 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Juniper Networks were worth $71,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Juniper Networks in the second quarter valued at approximately $31,000. Venturi Wealth Management LLC raised its position in shares of 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 valued at $46,000 after purchasing an additional 447 shares during the period. Quarry LP boosted its holdings in shares of 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 buying an additional 644 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Juniper Networks by 57.9% during the 2nd quarter. Blue Trust Inc. now owns 1,568 shares of the network equipment provider’s stock worth $58,000 after buying an additional 575 shares during the period. Institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. 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. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Finally, StockNews.com initiated coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Trading Up 1.8 %

Shares of JNPR stock opened at $36.55 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm has a fifty day moving average of $38.53 and a 200-day moving average of $37.45. Juniper Networks, Inc. has a 52-week low of $27.10 and a 52-week high of $39.79. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 11.33 and a beta of 0.93.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 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.