Mutual of America Capital Management LLC Reduces Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Mutual of America Capital Management LLC decreased its position in Juniper Networks, Inc. (NYSE:JNPR) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,526 shares of the network equipment provider’s stock after selling 456 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Juniper Networks were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of Juniper Networks by 14,314.7% in 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 purchasing an additional 4,798,583 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 valued at $115,125,000 after buying an additional 114,795 shares during the period. Alpine Associates Management Inc. increased its stake in shares of Juniper Networks by 9.1% during the 2nd quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after acquiring an additional 197,400 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of 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 worth $69,716,000 after acquiring an additional 240,385 shares during the period. Finally, ING Groep NV boosted its position 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 acquiring an additional 276,891 shares during the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JNPR has been the subject of several research analyst reports. Barclays dropped 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 research report on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Up 0.7 %

Shares of NYSE JNPR opened at $36.17 on Tuesday. The stock has a fifty day moving average price of $38.48 and a 200 day moving average price of $37.46. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a 12-month low of $27.10 and a 12-month high of $39.79. The company has a market cap of $11.98 billion, a P/E ratio of 47.59, a P/E/G ratio of 11.33 and a beta of 0.93.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Juniper Networks 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.