Brooklyn Investment Group Takes $76,000 Position in Juniper Networks, Inc. (NYSE:JNPR)

Brooklyn Investment Group acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,954 shares of the network equipment provider’s stock, valued at approximately $76,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its holdings in 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 valued at $28,000 after buying an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new position in Juniper Networks in the second quarter valued at $31,000. Longfellow Investment Management Co. LLC purchased a new position in Juniper Networks in the second quarter valued at $36,000. Venturi Wealth Management LLC increased its holdings in 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 buying an additional 447 shares during the last quarter. Finally, Quarry LP increased its holdings in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 644 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on JNPR shares. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com assumed coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Barclays cut their price objective 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. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.50.

Juniper Networks Trading Up 0.1 %

NYSE:JNPR opened at $36.07 on Friday. The business’s 50-day moving average is $38.37 and its two-hundred day moving average is $37.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a 12 month low of $27.19 and a 12 month high of $39.79. The firm has a market capitalization of $11.94 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 11.43 and a beta of 0.93.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s 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.