Healthcare of Ontario Pension Plan Trust Fund Buys 552,580 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 172,681.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 552,900 shares of the network equipment provider's stock after acquiring an additional 552,580 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.17% of Juniper Networks worth $21,552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JNPR. Pacer Advisors Inc. increased its holdings in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider's stock valued at $176,179,000 after purchasing an additional 4,798,583 shares during the period. Mizuho Securities USA LLC grew 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. increased its stake in Juniper Networks by 12.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock valued at $104,313,000 after buying an additional 301,900 shares during the period. ING Groep NV lifted its position in Juniper Networks by 30.6% in the 3rd quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider's stock worth $46,048,000 after buying an additional 276,891 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Juniper Networks by 153.9% during the 2nd quarter. Squarepoint Ops LLC now owns 448,965 shares of the network equipment provider's stock valued at $16,369,000 after buying an additional 272,141 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

JNPR has been the subject of several recent research reports. Citigroup reiterated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They set a "hold" rating for the company. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Finally, Barclays cut their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks currently has a consensus rating of "Hold" and an average target price of $39.50.

Juniper Networks Stock Performance

Shares of Juniper Networks stock traded down $0.15 on Friday, reaching $35.92. The stock had a trading volume of 1,448,648 shares, compared to its average volume of 3,755,926. 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 business's 50-day moving average price is $38.31 and its two-hundred day moving average price is $37.45. The stock has a market cap of $11.89 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 11.38 and a beta of 0.93. Juniper Networks, Inc. has a fifty-two week low of $27.87 and a fifty-two week high of $39.79.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks's payout ratio is 115.79%.

Juniper Networks 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.