Paloma Partners Management Co Purchases Shares of 30,321 Juniper Networks, Inc. (NYSE:JNPR)

Paloma Partners Management Co acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,321 shares of the network equipment provider's stock, valued at approximately $1,182,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JNPR. Pacer Advisors Inc. increased its position in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider's stock worth $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 114,795 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Juniper Networks by 1.1% in the third 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 buying an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. lifted its stake in shares of Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock worth $104,313,000 after buying an additional 301,900 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position 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 acquiring an additional 240,385 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Trading Down 0.4 %

JNPR stock traded down $0.16 during mid-day trading on Tuesday, hitting $35.46. 2,328,648 shares of the company were exchanged, compared to its average volume of 3,745,780. The business has a fifty day simple moving average of $38.18 and a 200-day simple moving average of $37.51. 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 12-month low of $28.25 and a 12-month high of $39.79. The firm has a market capitalization of $11.74 billion, a P/E ratio of 46.66, a PEG ratio of 11.24 and a beta of 0.89.

Juniper Networks Dividend Announcement

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 paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, December 2nd. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

Analysts Set New Price Targets

A number of research firms have commented on JNPR. Citigroup reiterated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com started coverage on Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating on the stock. Barclays dropped their target price on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.