ING Groep NV Buys 276,891 Shares of Juniper Networks, Inc. (NYSE:JNPR)

ING Groep NV raised its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,181,322 shares of the network equipment provider's stock after purchasing an additional 276,891 shares during the quarter. ING Groep NV owned approximately 0.36% of Juniper Networks worth $46,048,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider's stock worth $176,179,000 after purchasing an additional 4,798,583 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Juniper Networks by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider's stock worth $115,125,000 after purchasing an additional 114,795 shares during the period. Alpine Associates Management Inc. grew its stake in shares of Juniper Networks by 9.1% during the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider's stock worth $86,562,000 after purchasing an additional 197,400 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Juniper Networks during the first quarter worth $86,494,000. Finally, Hsbc Holdings PLC grew its stake in shares of Juniper Networks by 14.4% during the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider's stock worth $69,716,000 after purchasing an additional 240,385 shares during the period. Institutional investors own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Juniper Networks Stock Up 0.4 %

Shares of Juniper Networks stock traded up $0.17 during trading on Thursday, reaching $38.42. The stock had a trading volume of 4,204,051 shares, compared to its average volume of 3,631,530. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 50.55, a P/E/G ratio of 12.16 and a beta of 0.93. The stock has a fifty day moving average price of $38.86 and a two-hundred day moving average price of $37.37. Juniper Networks, Inc. has a 52 week low of $25.83 and a 52 week high of $39.79. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

Juniper Networks Dividend Announcement

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. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. Juniper Networks's dividend payout ratio (DPR) 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.