Geode Capital Management LLC Increases Position in Juniper Networks, Inc. (NYSE:JNPR)

Geode Capital Management LLC lifted its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,540,330 shares of the network equipment provider's stock after purchasing an additional 417,050 shares during the quarter. Geode Capital Management LLC owned 2.88% of Juniper Networks worth $371,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Juniper Networks by 2,069.4% in the second 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 in the last quarter. OFI Invest Asset Management bought a new position in Juniper Networks in the 2nd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks during the 2nd quarter valued at $36,000. Venturi Wealth Management LLC increased its holdings in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after purchasing an additional 447 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock worth $56,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 91.95% of the company's stock.

Juniper Networks Stock Performance

Shares of JNPR traded down $0.07 on Friday, reaching $37.23. The company's stock had a trading volume of 1,474,317 shares, compared to its average volume of 3,717,819. The stock's 50 day simple moving average is $37.81 and its two-hundred day simple moving average is $37.63. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The stock has a market capitalization of $12.33 billion, a P/E ratio of 48.99, a PEG ratio of 11.80 and a beta of 0.89. Juniper Networks, Inc. has a 12-month low of $28.94 and a 12-month high of $39.79.

Juniper Networks Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays dropped their price objective 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. Citigroup reaffirmed a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities reissued a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.