Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1,107.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,884 shares of the network equipment provider's stock after acquiring an additional 139,300 shares during the period. Public Sector Pension Investment Board's holdings in Juniper Networks were worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Juniper Networks by 172,681.3% in the third 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 purchasing an additional 552,580 shares during the period. Glenmede Trust Co. NA boosted its position in Juniper Networks by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 34,755 shares of the network equipment provider's stock valued at $1,355,000 after buying an additional 851 shares during the last quarter. Townsquare Capital LLC acquired a new position in Juniper Networks in the 3rd quarter worth approximately $224,000. Brooklyn Investment Group purchased a new position in Juniper Networks during the 3rd quarter worth approximately $76,000. Finally, FMR LLC lifted its stake in Juniper Networks by 19.3% during the 3rd quarter. FMR LLC now owns 53,118 shares of the network equipment provider's stock valued at $2,071,000 after acquiring an additional 8,577 shares during the period. Hedge funds and other institutional investors own 91.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com began coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating on the stock. Citigroup reaffirmed a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays decreased their price objective 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 reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $39.50.

Juniper Networks Price Performance

NYSE JNPR traded down $0.15 during trading hours on Friday, reaching $35.92. The company's stock had a trading volume of 1,448,648 shares, compared to its average volume of 5,656,841. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 47.26, a P/E/G ratio of 11.34 and a beta of 0.93. The company's 50-day moving average is $38.25 and its two-hundred day moving average is $37.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a 1-year low of $27.87 and a 1-year high of $39.79.

Juniper Networks Announces Dividend

The business also recently disclosed 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 2.45%. The ex-dividend date is Monday, December 2nd. Juniper Networks's dividend payout ratio is presently 115.79%.

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.