Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,447 shares of the network equipment provider’s stock after acquiring an additional 595 shares during the quarter. Van ECK Associates Corp’s holdings in Juniper Networks were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of 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 worth $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Juniper Networks in the 2nd quarter worth approximately $36,000. Quarry LP lifted its holdings in shares of Juniper Networks by 71.4% in 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. Finally, Blue Trust Inc. increased its holdings in Juniper Networks by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 1,568 shares of the network equipment provider’s stock valued at $58,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on JNPR shares. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Citigroup reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays lowered their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Down 0.8 %

Shares of NYSE:JNPR opened at $38.53 on Wednesday. Juniper Networks, Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $39.79. The firm’s 50 day moving average price is $38.88 and its 200 day moving average price is $37.36. 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 stock has a market cap of $12.76 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 12.28 and a beta of 0.93.

Juniper Networks Announces Dividend

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. Juniper Networks’s dividend payout ratio (DPR) is currently 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.