Zurcher Kantonalbank Zurich Cantonalbank Sells 55,109 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 417,949 shares of the network equipment provider's stock after selling 55,109 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.13% of Juniper Networks worth $16,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JNPR. Pacer Advisors Inc. increased its position in 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 valued at $176,179,000 after acquiring an additional 4,798,583 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Juniper Networks by 172,681.3% during the 3rd 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. Mizuho Securities USA LLC increased its position in shares of Juniper Networks by 1,885.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider's stock valued at $19,390,000 after purchasing an additional 472,370 shares during the last quarter. Alpine Associates Management Inc. lifted its stake in shares of Juniper Networks by 12.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock worth $104,313,000 after purchasing an additional 301,900 shares during the period. Finally, ING Groep NV boosted its holdings in shares of Juniper Networks by 30.6% in the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider's stock worth $46,048,000 after buying an additional 276,891 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

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. Juniper Networks, Inc. has a 1 year low of $27.87 and a 1 year high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 11.34 and a beta of 0.93. The firm's 50-day moving average price is $38.25 and its 200-day moving average price is $37.48.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks's dividend payout ratio is 115.79%.

Wall Street Analysts Forecast Growth

JNPR has been the subject of a number of research reports. Citigroup reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating for the company. Barclays cut their price target 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 reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.50.

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.