Caisse DE Depot ET Placement DU Quebec Sells 35,690 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 80.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,549 shares of the network equipment provider's stock after selling 35,690 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Juniper Networks were worth $333,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC boosted its position in shares of Juniper Networks by 4.6% in the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider's stock valued at $292,000 after acquiring an additional 353 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Juniper Networks by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider's stock worth $1,019,000 after acquiring an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 8.9% during the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider's stock worth $179,000 after acquiring an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Juniper Networks by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider's stock worth $211,000 after acquiring an additional 422 shares in the last quarter. Finally, Keene & Associates Inc. raised its stake in shares of Juniper Networks by 3.8% during the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider's stock worth $419,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JNPR shares. StockNews.com started coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating on the stock. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Barclays cut their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Finally, Citigroup reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Stock Up 2.3 %

Shares of JNPR stock traded up $0.80 during mid-day trading on Wednesday, reaching $36.26. 4,682,476 shares of the company's stock traded hands, compared to its average volume of 3,749,783. Juniper Networks, Inc. has a 12 month low of $28.56 and a 12 month high of $39.79. The company has a market cap of $12.01 billion, a P/E ratio of 46.53, a P/E/G ratio of 11.24 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company's 50-day moving average price is $38.12 and its 200-day moving average price is $37.51.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, December 2nd. Juniper Networks's dividend payout ratio (DPR) is presently 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.