Juniper Networks, Inc. (NYSE:JNPR) Holdings Increased by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 72.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 512,308 shares of the network equipment provider's stock after buying an additional 214,631 shares during the period. National Bank of Canada FI owned 0.15% of Juniper Networks worth $19,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after buying an additional 574,418 shares during the period. Pacer Advisors Inc. raised its stake in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider's stock valued at $176,179,000 after acquiring an additional 4,798,583 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Juniper Networks by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider's stock valued at $115,125,000 after acquiring an additional 114,795 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock valued at $115,276,000 after acquiring an additional 33,016 shares in the last quarter. Finally, Alpine Associates Management Inc. boosted its position in Juniper Networks by 12.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock worth $104,313,000 after purchasing an additional 301,900 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

NYSE:JNPR traded up $0.10 during midday trading on Tuesday, reaching $37.23. 2,076,482 shares of the company traded hands, compared to its average volume of 3,743,780. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 11.53 and a beta of 0.89. The company has a fifty day moving average price of $37.94 and a 200 day moving average price of $37.57. 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 twelve month low of $28.81 and a twelve month high of $39.79.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JNPR. Citigroup reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays dropped their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a "hold" rating for the company. Finally, Rosenblatt Securities restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average 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.