BNP Paribas Financial Markets Decreases Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

BNP Paribas Financial Markets lessened its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507,348 shares of the network equipment provider's stock after selling 34,877 shares during the period. BNP Paribas Financial Markets owned 0.15% of Juniper Networks worth $19,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its stake in shares of 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 period. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 644 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Down 0.4 %

Shares of NYSE JNPR traded down $0.15 during mid-day trading on Friday, reaching $35.92. The company had a trading volume of 1,448,648 shares, compared to its average volume of 5,656,841. 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 firm has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $37.48. The stock has a market cap of $11.89 billion, a P/E ratio of 47.26, a PEG ratio of 11.34 and a beta of 0.93. Juniper Networks, Inc. has a 52-week low of $27.87 and a 52-week high of $39.79.

Juniper Networks Dividend Announcement

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

Analyst Ratings Changes

JNPR has been the topic of several recent analyst reports. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a "hold" rating on the stock. Barclays reduced 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 report on Friday, November 1st. Rosenblatt Securities restated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup restated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.50.

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.