Entropy Technologies LP Makes New $2.20 Million Investment in Juniper Networks, Inc. (NYSE:JNPR)

Entropy Technologies LP bought a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,490 shares of the network equipment provider's stock, valued at approximately $2,202,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JNPR. Larson Financial Group LLC raised its position in Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $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 valued at approximately $31,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks during the 2nd quarter worth approximately $36,000. Venturi Wealth Management LLC raised its position 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 worth $46,000 after acquiring an additional 447 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock valued at $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Stock Down 0.9 %

Shares of NYSE:JNPR traded down $0.34 during mid-day trading on Wednesday, hitting $38.19. 3,875,246 shares of the company traded hands, compared to its average volume of 3,619,736. The firm's 50 day simple moving average is $38.88 and its 200 day simple moving average is $37.36. The firm has a market cap of $12.64 billion, a P/E ratio of 50.43, a PEG ratio of 12.16 and a beta of 0.93. 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 52-week low of $25.83 and a 52-week high of $39.79.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.30%. Juniper Networks's dividend payout ratio (DPR) is presently 115.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on JNPR shares. Citigroup reaffirmed a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Barclays reduced their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a "hold" rating for the company. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.50.

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.