Alpine Associates Management Inc. Raises Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Alpine Associates Management Inc. raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,676,064 shares of the network equipment provider's stock after acquiring an additional 301,900 shares during the quarter. Juniper Networks makes up about 4.8% of Alpine Associates Management Inc.'s portfolio, making the stock its 7th largest holding. Alpine Associates Management Inc. owned about 0.81% of Juniper Networks worth $104,313,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sather Financial Group Inc boosted its holdings in shares of Juniper Networks by 17.6% during the 3rd quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider's stock worth $10,126,000 after buying an additional 38,936 shares in the last quarter. Principal Financial Group Inc. increased its position in Juniper Networks by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock valued at $17,406,000 after buying an additional 21,651 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Juniper Networks by 1,885.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider's stock worth $19,390,000 after buying an additional 472,370 shares during the period. Gamco Investors INC. ET AL bought a new position in Juniper Networks in the first quarter worth approximately $4,945,000. Finally, ING Groep NV grew its stake in Juniper Networks by 30.6% in the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider's stock valued at $46,048,000 after acquiring an additional 276,891 shares during the period. Institutional investors own 91.95% of the company's stock.

Wall Street Analyst Weigh In

JNPR has been the topic of several research reports. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Barclays decreased their price target on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a "hold" rating on the stock. Citigroup reiterated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.50.

Juniper Networks Stock Performance

Shares of NYSE:JNPR traded up $0.82 during trading on Wednesday, hitting $35.90. 3,073,408 shares of the company were exchanged, compared to its average volume of 3,753,974. Juniper Networks, Inc. has a 52-week low of $26.77 and a 52-week high of $39.79. The stock has a 50 day moving average of $38.71 and a 200 day moving average of $37.42. 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 company has a market cap of $11.89 billion, a PE ratio of 46.18, a P/E/G ratio of 11.52 and a beta of 0.93.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's payout ratio is 115.79%.

Juniper Networks Company 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.