Oddo BHF Asset Management Sas Buys New Shares in Juniper Networks, Inc. (NYSE:JNPR)

Oddo BHF Asset Management Sas purchased a new stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 650,000 shares of the network equipment provider's stock, valued at approximately $25,337,000. Juniper Networks comprises 1.3% of Oddo BHF Asset Management Sas' holdings, making the stock its 17th biggest holding. Oddo BHF Asset Management Sas owned about 0.20% of Juniper Networks at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JNPR. Pacer Advisors Inc. lifted its position in Juniper Networks by 14,314.7% during 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. Twin Securities Inc. lifted its holdings in Juniper Networks by 760.3% in the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider's stock valued at $26,438,000 after buying an additional 599,420 shares during the period. State Street Corp grew its holdings in Juniper Networks by 3.8% during the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock worth $614,280,000 after acquiring an additional 574,418 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Juniper Networks by 172,681.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider's stock valued at $21,552,000 after acquiring an additional 552,580 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Juniper Networks by 1,885.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider's stock worth $19,390,000 after purchasing an additional 472,370 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Stock Down 0.2 %

JNPR traded down $0.07 during trading on Friday, hitting $37.23. The company had a trading volume of 1,472,300 shares, compared to its average volume of 3,717,819. The firm's 50-day moving average price is $37.84 and its 200 day moving average price is $37.59. The company has a market capitalization of $12.33 billion, a PE ratio of 49.09, a PEG ratio of 11.80 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a one year low of $28.94 and a one year high of $39.79.

Juniper Networks Announces Dividend

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

Wall Street Analysts Forecast Growth

JNPR has been the topic of several analyst reports. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup reissued a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. StockNews.com initiated coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating for the company. Finally, Barclays reduced 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 report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Juniper Networks 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.