Nomura Asset Management Co. Ltd. raised its holdings in Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,992 shares of the network equipment provider’s stock after acquiring an additional 10,008 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Juniper Networks were worth $3,859,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings 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 position in shares of Juniper Networks during the second quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Juniper Networks during the second quarter valued at approximately $36,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 447 shares during the period. Finally, Quarry LP grew its stake in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing 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
A number of brokerages have weighed in on JNPR. Citigroup reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. 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. StockNews.com started coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Finally, 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 report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks currently has a consensus rating of “Hold” and an average price target of $39.50.
Juniper Networks Stock Down 0.2 %
NYSE:JNPR opened at $37.23 on Friday. The company’s 50-day simple moving average is $37.81 and its 200-day simple moving average is $37.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a fifty-two week low of $28.94 and a fifty-two week high of $39.79. The stock has a market capitalization of $12.33 billion, a P/E ratio of 48.99, a P/E/G ratio of 11.80 and a beta of 0.89.
Juniper Networks Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is currently 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.
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