Victory Capital Management Inc. Sells 186,031 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Victory Capital Management Inc. reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 77.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,490 shares of the network equipment provider’s stock after selling 186,031 shares during the quarter. Victory Capital Management Inc.’s holdings in Juniper Networks were worth $2,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JNPR. Pacer Advisors Inc. lifted its position in Juniper Networks by 14,314.7% during the 2nd 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 period. Squarepoint Ops LLC boosted its position in shares of Juniper Networks by 153.9% in the 2nd quarter. Squarepoint Ops LLC now owns 448,965 shares of the network equipment provider’s stock worth $16,369,000 after purchasing an additional 272,141 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Juniper Networks by 116.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 473,058 shares of the network equipment provider’s stock worth $17,248,000 after buying an additional 254,301 shares during the last quarter. Hsbc Holdings PLC increased its position 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 in the last quarter. Finally, Sather Financial Group Inc purchased a new position in Juniper Networks during the second quarter valued at $8,052,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JNPR. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Barclays reduced 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. Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $35.91 on Monday. The company has a market capitalization of $11.89 billion, a PE ratio of 47.25, a P/E/G ratio of 11.18 and a beta of 0.93. The company has a 50-day simple moving average of $38.53 and a two-hundred day simple moving average of $37.45. Juniper Networks, Inc. has a one year low of $27.00 and a one year high of $39.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

Juniper Networks Announces Dividend

The company 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 of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. Juniper Networks’s payout ratio is 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.