Ontario Teachers Pension Plan Board Sells 79,266 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Ontario Teachers Pension Plan Board lowered its stake in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 66.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,403 shares of the network equipment provider's stock after selling 79,266 shares during the period. Ontario Teachers Pension Plan Board's holdings in Juniper Networks were worth $1,575,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JNPR. Pacer Advisors Inc. increased its holdings in 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 buying an additional 4,798,583 shares during the period. Bank of New York Mellon Corp increased its stake in Juniper Networks by 3.8% in the second 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 during the last quarter. Alpine Associates Management Inc. raised its position in Juniper Networks by 12.7% during the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock valued at $104,313,000 after purchasing an additional 301,900 shares in the last quarter. Magnetar Financial LLC acquired a new position in Juniper Networks during the first quarter valued at approximately $86,494,000. Finally, Hsbc Holdings PLC lifted its stake in Juniper Networks by 14.4% during the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider's stock worth $69,716,000 after purchasing an additional 240,385 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays dropped their target price on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a "hold" rating on the stock. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Trading Down 0.3 %

JNPR traded down $0.10 during trading on Thursday, reaching $35.56. 4,352,402 shares of the company's stock were exchanged, compared to its average volume of 3,773,275. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a one year low of $26.87 and a one year high of $39.79. The firm has a fifty day moving average price of $38.59 and a two-hundred day moving average price of $37.40. The stock has a market capitalization of $11.77 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 11.07 and a beta of 0.93.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.48%. Juniper Networks's payout ratio is 115.79%.

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.