Legacy Capital Group California Inc. Has $274,000 Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Legacy Capital Group California Inc. cut its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,031 shares of the network equipment provider’s stock after selling 272 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Juniper Networks were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 2,069.4% during the 2nd 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 in the last quarter. OFI Invest Asset Management acquired a new position in Juniper Networks in the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks during the 2nd quarter valued at about $36,000. Fidelis Capital Partners LLC acquired a new position in Juniper Networks in the first quarter worth approximately $43,000. Finally, Atlas Capital Advisors LLC bought a new position in Juniper Networks during the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.2 %

Shares of Juniper Networks stock opened at $39.08 on Friday. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $39.79. The company’s fifty day simple moving average is $38.86 and its 200-day simple moving average is $37.11. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 11.74 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). The company had revenue of $1.19 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Finally, Barclays cut their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks currently has a consensus 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.