Victory Capital Management Inc. Reduces Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Victory Capital Management Inc. lowered its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 77.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,490 shares of the network equipment provider's stock after selling 186,031 shares during the period. Victory Capital Management Inc.'s holdings in Juniper Networks were worth $2,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JNPR. Larson Financial Group LLC increased its stake in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management bought a new stake in Juniper Networks during the second quarter worth $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks in the 2nd quarter valued at $36,000. Venturi Wealth Management LLC boosted its holdings in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after acquiring an additional 447 shares during the last quarter. Finally, Quarry LP boosted its holdings in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock worth $56,000 after acquiring an additional 644 shares during the last quarter. Institutional investors own 91.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 report on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a "hold" rating on the stock. Citigroup reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Trading Up 0.4 %

Shares of JNPR traded up $0.13 during trading hours on Monday, hitting $36.04. The company had a trading volume of 1,466,114 shares, compared to its average volume of 3,760,493. The firm has a market cap of $11.93 billion, a P/E ratio of 47.49, a P/E/G ratio of 11.33 and a beta of 0.93. Juniper Networks, Inc. has a 52-week low of $27.10 and a 52-week high of $39.79. The stock's 50 day moving average price is $38.53 and its 200 day moving average price is $37.45. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

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.