GSA Capital Partners LLP Invests $2.73 Million in Juniper Networks, Inc. (NYSE:JNPR)

GSA Capital Partners LLP bought a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 70,070 shares of the network equipment provider's stock, valued at approximately $2,731,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gamco Investors INC. ET AL bought a new stake in shares of Juniper Networks in the 1st quarter valued at about $4,945,000. Blair William & Co. IL acquired a new position in Juniper Networks in the 1st quarter valued at about $587,000. Zurich Insurance Group Ltd FI acquired a new position in Juniper Networks in the 1st quarter valued at about $1,364,000. M&G Plc acquired a new position in Juniper Networks in the 2nd quarter valued at about $657,000. Finally, California State Teachers Retirement System grew its stake in Juniper Networks by 4.8% in the 1st quarter. California State Teachers Retirement System now owns 512,228 shares of the network equipment provider's stock valued at $18,983,000 after buying an additional 23,378 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on JNPR shares. Needham & Company LLC reiterated a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Rosenblatt Securities restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Citigroup restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating on the stock. Finally, Barclays cut their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $39.50.

Juniper Networks Price Performance

NYSE:JNPR traded down $0.31 on Tuesday, hitting $38.53. The company had a trading volume of 6,973,093 shares, compared to its average volume of 3,618,566. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 12.28 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $38.88 and a two-hundred day moving average of $37.33. Juniper Networks, Inc. has a 52 week low of $25.83 and a 52 week high of $39.79.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, December 2nd. Juniper Networks's payout ratio is currently 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.