Juniper Networks, Inc. (NYSE:JNPR) Short Interest Update

Juniper Networks, Inc. (NYSE:JNPR) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 12,630,000 shares, a growth of 11.2% from the December 15th total of 11,360,000 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average daily volume of 3,600,000 shares, the short-interest ratio is currently 3.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Juniper Networks by 3.8% during the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after purchasing an additional 574,418 shares during the period. Geode Capital Management LLC increased its stake in shares of Juniper Networks by 4.6% in the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock worth $371,269,000 after acquiring an additional 417,050 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after purchasing an additional 4,798,583 shares during the last quarter. 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 during the period. Finally, Alpine Associates Management Inc. boosted its holdings in Juniper Networks by 12.7% in 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 during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Down 1.0 %

JNPR stock traded down $0.38 on Monday, hitting $38.47. 4,434,123 shares of the company’s stock were exchanged, compared to its average volume of 1,920,985. The firm has a 50 day moving average price of $37.24 and a two-hundred day moving average price of $38.03. 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 has a 12-month low of $34.30 and a 12-month high of $39.79. The stock has a market cap of $12.74 billion, a P/E ratio of 50.61, a price-to-earnings-growth ratio of 8.49 and a beta of 0.88.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks’s payout ratio is currently 115.79%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JNPR shares. Citigroup reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays reduced their target price 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. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Five investment 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, the company presently has a consensus rating of “Hold” and an average target price 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.