Raymond James & Associates Sells 48,081 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Raymond James & Associates lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 25.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,639 shares of the network equipment provider's stock after selling 48,081 shares during the quarter. Raymond James & Associates' holdings in Juniper Networks were worth $5,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its position 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 purchasing an additional 4,798,583 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Juniper Networks by 3.8% in 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 purchasing an additional 114,795 shares during the period. Alpine Associates Management Inc. boosted its position in shares of Juniper Networks by 9.1% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider's stock valued at $86,562,000 after purchasing an additional 197,400 shares during the period. Magnetar Financial LLC purchased a new stake in Juniper Networks in the 1st quarter worth about $86,494,000. Finally, Hsbc Holdings PLC lifted its stake in Juniper Networks by 14.4% in the 2nd quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider's stock worth $69,716,000 after acquiring an additional 240,385 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Up 0.3 %

Shares of JNPR traded up $0.10 during midday trading on Friday, reaching $39.00. 5,172,364 shares of the stock were exchanged, compared to its average volume of 2,964,612. Juniper Networks, Inc. has a 12-month low of $25.83 and a 12-month high of $39.79. The firm has a 50 day simple moving average of $38.87 and a 200-day simple moving average of $37.18. 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 company has a market cap of $12.84 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 12.21 and a beta of 0.93.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio (DPR) is presently 115.79%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Citigroup reissued a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating for the company. Finally, Barclays reduced their price objective on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.50.

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.