Avanza Fonder AB Takes $1.35 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

Avanza Fonder AB acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 36,031 shares of the network equipment provider's stock, valued at approximately $1,349,000.

Several other hedge funds have also added to or reduced their stakes in the business. Federated Hermes Inc. raised its holdings in Juniper Networks by 4.8% during the 2nd quarter. Federated Hermes Inc. now owns 16,591 shares of the network equipment provider's stock worth $605,000 after buying an additional 762 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Juniper Networks by 5.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,474 shares of the network equipment provider's stock worth $674,000 after acquiring an additional 1,015 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Juniper Networks by 4.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,761 shares of the network equipment provider's stock valued at $1,523,000 after acquiring an additional 1,789 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in Juniper Networks by 1.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 29,764 shares of the network equipment provider's stock worth $1,085,000 after purchasing an additional 500 shares during the period. Finally, AE Wealth Management LLC acquired a new stake in shares of Juniper Networks in the 2nd quarter valued at about $4,638,000. Institutional investors and hedge funds own 91.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays cut their price target on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Citigroup reiterated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.25.

Juniper Networks Stock Performance

JNPR stock traded down $0.38 during mid-day trading on Friday, hitting $38.47. 4,434,123 shares of the company were exchanged, compared to its average volume of 1,920,985. Juniper Networks, Inc. has a 1-year low of $34.30 and a 1-year high of $39.79. The stock has a market capitalization of $12.74 billion, a PE ratio of 50.61, a price-to-earnings-growth ratio of 8.49 and a beta of 0.88. The business has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $38.03. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks's dividend payout ratio is 115.79%.

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.