Mirae Asset Global Investments Co. Ltd. Raises Stake in Juniper Networks, Inc. (NYSE:JNPR)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 117.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,663 shares of the network equipment provider's stock after acquiring an additional 18,147 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Juniper Networks were worth $1,311,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions 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 valued at $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Juniper Networks in the second quarter worth about $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks in the 2nd quarter worth $36,000. Fidelis Capital Partners LLC acquired a new position in Juniper Networks in the 1st quarter valued at $43,000. Finally, Quarry LP lifted its stake in 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 purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Trading Up 0.3 %

JNPR traded up $0.10 during trading on Friday, reaching $39.00. 5,164,834 shares of the stock traded hands, compared to its average volume of 3,576,440. Juniper Networks, Inc. has a 12 month low of $25.83 and a 12 month high of $39.79. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $38.86 and its 200 day moving average is $37.15. The stock has a market capitalization of $12.84 billion, a PE ratio of 54.08, a P/E/G ratio of 12.22 and a beta of 0.93.

Analyst Ratings Changes

JNPR has been the subject of a number of research reports. Barclays reduced their price target 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. Citigroup reissued a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com began coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a "hold" rating for the company. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday. Finally, Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $39.50.

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.