Captrust Financial Advisors Acquires Shares of 5,394 Juniper Networks, Inc. (NYSE:JNPR)

Captrust Financial Advisors purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,394 shares of the network equipment provider’s stock, valued at approximately $210,000.

Other large investors also recently made changes to their positions in the company. Sather Financial Group Inc lifted its position in shares of Juniper Networks by 17.6% during the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after buying an additional 21,651 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after buying an additional 33,016 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after buying an additional 472,370 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Juniper Networks by 4.3% during the third quarter. Bank of Montreal Can now owns 815,384 shares of the network equipment provider’s stock worth $31,759,000 after buying an additional 33,305 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JNPR shares. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Citigroup restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Finally, Barclays decreased 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 report 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Price Performance

JNPR opened at $37.60 on Tuesday. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 49.47, a PEG ratio of 11.80 and a beta of 0.89. 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 firm has a 50-day moving average price of $37.79 and a 200-day moving average price of $37.66. Juniper Networks, Inc. has a twelve month low of $28.94 and a twelve month high of $39.79.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid 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 yield of 2.34%. Juniper Networks’s dividend payout ratio is currently 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.