BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 104,734 Shares of Juniper Networks, Inc. (NYSE:JNPR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 46.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,439 shares of the network equipment provider's stock after selling 104,734 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Juniper Networks were worth $4,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sather Financial Group Inc raised its position in shares of Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider's stock worth $10,126,000 after buying an additional 38,936 shares in the last quarter. Principal Financial Group Inc. raised its position in Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock valued at $17,406,000 after purchasing an additional 21,651 shares in the last quarter. Mizuho Securities USA LLC raised its position in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider's stock valued at $19,390,000 after purchasing an additional 472,370 shares in the last quarter. Alpine Associates Management Inc. raised its position in Juniper Networks by 12.7% during 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 in the last quarter. Finally, ING Groep NV raised its position in Juniper Networks by 30.6% during the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider's stock valued at $46,048,000 after purchasing an additional 276,891 shares in the last quarter. Hedge funds and other institutional investors own 91.95% of the company's stock.

Juniper Networks Trading Up 0.7 %

Shares of NYSE JNPR traded up $0.26 during trading hours on Monday, hitting $36.17. The company's stock had a trading volume of 5,199,552 shares, compared to its average volume of 3,777,000. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 11.33 and a beta of 0.93. Juniper Networks, Inc. has a 12 month low of $27.10 and a 12 month high of $39.79. The business has a 50-day simple moving average of $38.48 and a 200-day simple moving average of $37.46.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.43%. Juniper Networks's payout ratio is 115.79%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JNPR. Citigroup restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays lowered their price target on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Finally, StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.50.

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.