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Juniper Networks, Inc. (NYSE:JNPR) Position Boosted by Olympiad Research LP

Juniper Networks logo with Computer and Technology background

Olympiad Research LP raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 94.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,840 shares of the network equipment provider's stock after purchasing an additional 25,223 shares during the period. Juniper Networks comprises approximately 1.3% of Olympiad Research LP's holdings, making the stock its 10th largest holding. Olympiad Research LP's holdings in Juniper Networks were worth $2,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JNPR. Oak Thistle LLC increased its holdings in Juniper Networks by 4.6% in the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider's stock valued at $292,000 after buying an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Juniper Networks by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider's stock worth $1,019,000 after purchasing an additional 400 shares during the period. Harbor Capital Advisors Inc. grew its stake in Juniper Networks by 8.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider's stock worth $179,000 after buying an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider's stock worth $211,000 after buying an additional 422 shares during the period. Finally, Keene & Associates Inc. lifted its stake in Juniper Networks by 3.8% in the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider's stock valued at $419,000 after buying an additional 425 shares during the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Juniper Networks

Juniper Networks Price Performance

JNPR stock traded down $0.01 during trading hours on Thursday, hitting $39.00. 2,853,209 shares of the stock traded hands, compared to its average volume of 3,586,211. 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 stock has a 50-day simple moving average of $38.88 and a 200 day simple moving average of $37.25. Juniper Networks, Inc. has a one year low of $25.83 and a one year high of $39.79. The company has a market cap of $12.91 billion, a P/E ratio of 51.33, a P/E/G ratio of 12.23 and a beta of 0.93.

Juniper Networks Dividend Announcement

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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, December 2nd. Juniper Networks's payout ratio is 115.79%.

Juniper Networks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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