Pacer Advisors Inc. Raises Stock Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Pacer Advisors Inc. raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 25.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,696 shares of the network equipment provider’s stock after purchasing an additional 7,668 shares during the period. Pacer Advisors Inc.’s holdings in Juniper Networks were worth $1,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after acquiring an additional 574,418 shares during the period. Geode Capital Management LLC grew its stake in Juniper Networks by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock valued at $371,269,000 after acquiring an additional 417,050 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after buying an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. grew its holdings in shares of Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after purchasing an additional 301,900 shares during the period. Finally, ING Groep NV increased its position in shares of Juniper Networks by 30.6% during the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider’s stock valued at $46,048,000 after acquiring an additional 276,891 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on JNPR shares. Barclays reduced 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 report on Friday, November 1st. StockNews.com raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.25.

Juniper Networks Stock Performance

JNPR opened at $34.94 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm has a market cap of $11.57 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 7.76 and a beta of 0.88. The business’s fifty day moving average is $37.34 and its 200-day moving average is $38.05. Juniper Networks, Inc. has a 52-week low of $33.72 and a 52-week high of $39.79.

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.