Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,957,317 shares of the network equipment provider's stock after purchasing an additional 33,016 shares during the period. Charles Schwab Investment Management Inc. owned about 0.89% of Juniper Networks worth $115,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock worth $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the second quarter worth $31,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks in the second quarter valued at $36,000. Venturi Wealth Management LLC boosted its holdings 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 valued at $46,000 after purchasing an additional 447 shares during the period. Finally, Quarry LP grew its stake in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock worth $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Performance

Shares of JNPR stock traded down $0.17 during mid-day trading on Tuesday, hitting $36.03. 2,835,862 shares of the stock were exchanged, compared to its average volume of 3,771,196. The stock's fifty day simple moving average is $38.48 and its two-hundred day simple moving average is $37.46. 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 12-month low of $27.10 and a 12-month high of $39.79. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 47.39, a P/E/G ratio of 11.33 and a beta of 0.93.

Juniper Networks Announces Dividend

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 paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, December 2nd. Juniper Networks's dividend payout ratio is currently 115.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating for the company. Barclays lowered 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 research note 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 research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.50.

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.