Principal Financial Group Inc. raised its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,529 shares of the network equipment provider's stock after acquiring an additional 21,651 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Juniper Networks worth $17,406,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 745 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks during the 2nd quarter worth about $36,000. Venturi Wealth Management LLC lifted its stake in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after purchasing an additional 447 shares during the last quarter. Quarry LP boosted its holdings in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock valued at $56,000 after purchasing an additional 644 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Juniper Networks during the third quarter worth approximately $61,000. Hedge funds and other institutional investors own 91.95% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on JNPR shares. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup restated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays dropped 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 note on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a "hold" rating for the company. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.50.
View Our Latest Research Report on JNPR
Juniper Networks Stock Performance
Shares of JNPR remained flat at $37.51 during mid-day trading on Friday. 2,296,644 shares of the company's stock were exchanged, compared to its average volume of 3,668,490. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm has a market capitalization of $12.42 billion, a PE ratio of 49.36, a price-to-earnings-growth ratio of 11.75 and a beta of 0.89. The company's fifty day simple moving average is $37.51 and its two-hundred day simple moving average is $37.76. Juniper Networks, Inc. has a 52 week low of $29.13 and a 52 week high of $39.79.
Juniper Networks Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.35%. Juniper Networks's dividend payout ratio (DPR) is 115.79%.
About Juniper Networks
(
Free Report)
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.
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