State Street Corp Increases Stake in Juniper Networks, Inc. (NYSE:JNPR)

State Street Corp raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,758,844 shares of the network equipment provider's stock after purchasing an additional 574,418 shares during the quarter. State Street Corp owned 4.76% of Juniper Networks worth $614,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of 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 worth $176,179,000 after acquiring an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Juniper Networks by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider's stock worth $115,125,000 after acquiring an additional 114,795 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Juniper Networks by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock worth $115,276,000 after acquiring an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. raised its holdings in Juniper Networks by 12.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock valued at $104,313,000 after buying an additional 301,900 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Juniper Networks by 14.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider's stock valued at $69,716,000 after buying an additional 240,385 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JNPR has been the subject of a number of recent analyst reports. Citigroup reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Barclays lowered their price target 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. Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a "hold" rating for the company. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Juniper Networks currently has a consensus rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Stock Up 1.7 %

Shares of NYSE:JNPR traded up $0.62 during midday trading on Monday, reaching $37.14. The company's stock had a trading volume of 3,218,886 shares, compared to its average volume of 3,750,813. The firm has a 50 day moving average of $37.98 and a 200-day moving average of $37.55. The firm has a market capitalization of $12.30 billion, a P/E ratio of 48.05, a PEG ratio of 11.53 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 12-month low of $28.81 and a 12-month high of $39.79.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend 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.