Itau Unibanco Holding S.A. Makes New $267,000 Investment in Juniper Networks, Inc. (NYSE:JNPR)

Itau Unibanco Holding S.A. bought a new position in Juniper Networks, Inc. (NYSE:JNPR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,851 shares of the network equipment provider’s stock, valued at approximately $267,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after buying an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks during the 2nd quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares during the period. Finally, Quarry LP lifted its stake in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Barclays lowered their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Trading Down 0.4 %

Shares of JNPR opened at $35.46 on Wednesday. Juniper Networks, Inc. has a twelve month low of $28.25 and a twelve month high of $39.79. The stock has a market cap of $11.74 billion, a PE ratio of 46.66, a P/E/G ratio of 11.24 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 business’s 50-day moving average price is $38.18 and its 200-day moving average price is $37.51.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 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.