Royal London Asset Management Ltd. Acquires 5,965 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Royal London Asset Management Ltd. boosted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,682 shares of the network equipment provider’s stock after buying an additional 5,965 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Juniper Networks were worth $5,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JNPR. Investment Management Corp of Ontario grew its position in shares of Juniper Networks by 47.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,810 shares of the network equipment provider’s stock valued at $421,000 after acquiring an additional 3,500 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Juniper Networks during the third quarter valued at about $267,000. Harvest Management LLC increased its position in Juniper Networks by 1,340.8% in the third quarter. Harvest Management LLC now owns 476,900 shares of the network equipment provider’s stock worth $18,590,000 after buying an additional 443,800 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of Juniper Networks by 1.2% in the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock worth $1,857,000 after buying an additional 580 shares during the period. Finally, Athos Capital Ltd lifted its position in shares of Juniper Networks by 9.8% during the 3rd quarter. Athos Capital Ltd now owns 19,000 shares of the network equipment provider’s stock valued at $741,000 after buying an additional 1,700 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Stock Down 0.7 %

JNPR opened at $36.52 on Monday. The company has a market capitalization of $12.09 billion, a PE ratio of 48.05, a price-to-earnings-growth ratio of 11.44 and a beta of 0.89. The firm has a 50-day simple moving average of $37.98 and a two-hundred day simple moving average of $37.55. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a 52 week low of $28.61 and a 52 week high of $39.79.

Juniper Networks Dividend Announcement

The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s payout ratio is presently 115.79%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JNPR shares. StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating for the company. Barclays decreased their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks 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, Juniper Networks currently has an average rating of “Hold” and a consensus target price of $39.50.

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.