Entropy Technologies LP Sells 18,302 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Entropy Technologies LP decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,188 shares of the network equipment provider’s stock after selling 18,302 shares during the period. Entropy Technologies LP’s holdings in Juniper Networks were worth $1,430,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JNPR. State Street Corp raised its position in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after acquiring an additional 574,418 shares during the period. Geode Capital Management LLC raised its holdings in Juniper Networks by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock worth $371,269,000 after purchasing an additional 417,050 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after purchasing an additional 33,016 shares in the last quarter. Alpine Associates Management Inc. lifted its position in Juniper Networks by 12.7% during the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after purchasing an additional 301,900 shares in the last quarter. Finally, Calamos Advisors LLC grew its holdings in Juniper Networks by 20.1% during the fourth quarter. Calamos Advisors LLC now owns 1,387,382 shares of the network equipment provider’s stock valued at $51,957,000 after purchasing an additional 232,181 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Stock Up 0.8 %

Shares of NYSE JNPR opened at $36.00 on Tuesday. Juniper Networks, Inc. has a 52-week low of $33.72 and a 52-week high of $39.79. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 7.95 and a beta of 0.87. The stock has a 50 day moving average price of $37.30 and a 200 day moving average price of $37.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. Sell-side analysts expect that Juniper Networks, Inc. will post 1.27 earnings per share for the current year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s payout ratio is 102.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JNPR shares. StockNews.com raised shares of Juniper Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays raised their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Evercore ISI raised shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, February 4th. Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.80.

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.