Foster & Motley Inc. Decreases Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Foster & Motley Inc. lowered its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 15.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,818 shares of the network equipment provider’s stock after selling 4,842 shares during the quarter. Foster & Motley Inc.’s holdings in Juniper Networks were worth $967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JNPR. Venturi Wealth Management LLC increased its position in shares of Juniper Networks by 60.3% during the 3rd 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 last quarter. Quarry LP increased its position 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 valued at $56,000 after purchasing an additional 644 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Juniper Networks during the 3rd quarter valued at about $61,000. Longfellow Investment Management Co. LLC increased its position in shares of Juniper Networks by 84.7% during the 3rd 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 last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Juniper Networks during the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Trading Down 2.2 %

Shares of NYSE:JNPR opened at $34.37 on Friday. Juniper Networks, Inc. has a 12-month low of $33.72 and a 12-month high of $39.79. 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 company has a market cap of $11.38 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88. The stock has a 50 day moving average of $37.36 and a 200 day moving average of $38.06.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JNPR shares. Barclays reduced their price target 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. StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.