GSA Capital Partners LLP Invests $2.73 Million in Juniper Networks, Inc. (NYSE:JNPR)

GSA Capital Partners LLP acquired a new position in Juniper Networks, Inc. (NYSE:JNPR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,070 shares of the network equipment provider’s stock, valued at approximately $2,731,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oak Thistle LLC raised its stake in shares of Juniper Networks by 4.6% in the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after purchasing an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Juniper Networks by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 8.9% in the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after purchasing an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after purchasing an additional 422 shares during the last quarter. Finally, Keene & Associates Inc. raised its stake in shares of Juniper Networks by 3.8% in the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock worth $419,000 after purchasing an additional 425 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $38.84 on Tuesday. Juniper Networks, Inc. has a 1-year low of $25.83 and a 1-year high of $39.79. The stock has a fifty day simple moving average of $38.88 and a two-hundred day simple moving average of $37.33. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 12.28 and a beta of 0.93.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is currently 115.79%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Barclays decreased their price target on 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. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.50.

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.