Sather Financial Group Inc Acquires 38,936 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Sather Financial Group Inc boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,786 shares of the network equipment provider's stock after purchasing an additional 38,936 shares during the quarter. Juniper Networks comprises approximately 0.7% of Sather Financial Group Inc's holdings, making the stock its 25th largest position. Sather Financial Group Inc owned about 0.08% of Juniper Networks worth $10,126,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 745 shares during the period. OFI Invest Asset Management bought a new position in shares of Juniper Networks during the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks in the 2nd quarter worth about $36,000. Venturi Wealth Management LLC increased its stake in 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 valued at $46,000 after buying an additional 447 shares during the last quarter. Finally, Quarry LP boosted its holdings in Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock worth $56,000 after buying an additional 644 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Down 4.9 %

Shares of JNPR stock traded down $1.90 during trading hours on Friday, reaching $36.51. The company had a trading volume of 16,702,390 shares, compared to its average volume of 4,141,168. 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 $12.09 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 11.52 and a beta of 0.93. The business has a fifty day simple moving average of $38.83 and a 200-day simple moving average of $37.40. Juniper Networks, Inc. has a 12 month low of $25.83 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 2.41%. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JNPR shares. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. Barclays reduced their price objective on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. StockNews.com started coverage on Juniper Networks in a report on Monday, September 16th. They set a "hold" rating for the company. Finally, Citigroup reissued a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Eight 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 currently has a consensus rating of "Hold" and a consensus target price 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.