KBC Group NV Sells 30,414 Shares of Juniper Networks, Inc. (NYSE:JNPR)

KBC Group NV trimmed its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 27.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,614 shares of the network equipment provider's stock after selling 30,414 shares during the period. KBC Group NV's holdings in Juniper Networks were worth $3,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in 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 buying an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Juniper Networks during the 2nd quarter valued at about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in Juniper Networks during the second quarter worth about $36,000. Venturi Wealth Management LLC raised its stake 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 worth $46,000 after purchasing an additional 447 shares during the period. Finally, Quarry LP grew its stake 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 valued at $56,000 after buying an additional 644 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. 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. Citigroup reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays lowered their price objective on shares of 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, StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a "hold" rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Juniper Networks presently has a consensus rating of "Hold" and an average price target of $39.50.

Juniper Networks Price Performance

Shares of NYSE JNPR traded down $1.20 on Monday, hitting $35.31. The company's stock had a trading volume of 9,852,409 shares, compared to its average volume of 3,718,042. The stock has a 50 day moving average of $38.83 and a 200-day moving average of $37.42. The company has a market capitalization of $11.69 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 company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a 12-month low of $26.66 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. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio is presently 115.79%.

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.