Crossmark Global Holdings Inc. Decreases Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Crossmark Global Holdings Inc. reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 381,646 shares of the network equipment provider's stock after selling 7,972 shares during the quarter. Crossmark Global Holdings Inc. owned 0.12% of Juniper Networks worth $14,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock valued at $46,000 after purchasing an additional 447 shares during the period. Quarry LP grew its stake in shares of Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock valued at $56,000 after acquiring an additional 644 shares during the period. Sentry Investment Management LLC purchased a new stake in Juniper Networks in the 3rd quarter worth approximately $61,000. Longfellow Investment Management Co. LLC raised its stake in Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock worth $71,000 after acquiring an additional 839 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Juniper Networks during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 91.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JNPR. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Barclays lowered their price objective on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Juniper Networks has an average rating of "Hold" and an average price target of $39.25.

Juniper Networks Price Performance

JNPR stock traded up $0.16 during mid-day trading on Tuesday, hitting $38.59. The company had a trading volume of 2,739,270 shares, compared to its average volume of 2,740,010. The company has a 50-day moving average price of $37.24 and a 200 day moving average price of $38.06. Juniper Networks, Inc. has a 12-month low of $34.30 and a 12-month high of $39.79. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 50.77, a P/E/G ratio of 8.49 and a beta of 0.88. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks's payout ratio is presently 115.79%.

Juniper Networks 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.