State of New Jersey Common Pension Fund D Sells 21,998 Shares of Juniper Networks, Inc. (NYSE:JNPR)

State of New Jersey Common Pension Fund D trimmed its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 16.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,373 shares of the network equipment provider's stock after selling 21,998 shares during the period. State of New Jersey Common Pension Fund D's holdings in Juniper Networks were worth $4,341,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new position in Juniper Networks during the 2nd quarter valued at $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks during the 2nd quarter valued at about $36,000. Quarry LP increased its position 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 purchasing an additional 644 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Juniper Networks by 57.9% in the second quarter. Blue Trust Inc. now owns 1,568 shares of the network equipment provider's stock worth $58,000 after acquiring an additional 575 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

NYSE JNPR traded down $0.26 during trading on Wednesday, reaching $38.27. 5,897,974 shares of the company's stock were exchanged, compared to its average volume of 3,628,930. The business has a 50 day moving average price of $38.88 and a 200-day moving average price of $37.36. The stock has a market capitalization of $12.67 billion, a P/E ratio of 50.36, a PEG ratio of 12.16 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 fifty-two week low of $25.83 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The company 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 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, December 2nd. Juniper Networks's payout ratio is 115.79%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JNPR. Barclays decreased 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. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating for the company. Citigroup reiterated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus 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.