Allworth Financial LP Sells 292 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Allworth Financial LP lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,659 shares of the network equipment provider’s stock after selling 292 shares during the period. Allworth Financial LP’s holdings in Juniper Networks were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JNPR. Larson Financial Group LLC grew its stake in shares of Juniper Networks by 2,069.4% in the second 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 purchased a new stake in Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Juniper Networks in the 2nd quarter worth approximately $36,000. Fidelis Capital Partners LLC purchased a new position in shares of Juniper Networks during the first quarter valued at approximately $43,000. Finally, Quarry LP raised its holdings in shares of Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JNPR shares. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Barclays lowered their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Finally, Citigroup reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average price target of $40.00.

Juniper Networks Stock Performance

Juniper Networks stock opened at $38.97 on Thursday. The stock’s 50 day moving average is $38.86 and its 200 day moving average is $37.15. The company has a market capitalization of $12.66 billion, a P/E ratio of 56.48, a PEG ratio of 11.74 and a beta of 0.93. Juniper Networks, Inc. has a twelve month low of $25.83 and a twelve month high of $39.79. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

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.