State Street Corp Increases Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

State Street Corp boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 3.8% in the third quarter, HoldingsChannel reports. The firm owned 15,758,844 shares of the network equipment provider’s stock after acquiring an additional 574,418 shares during the period. State Street Corp’s holdings in Juniper Networks were worth $614,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sather Financial Group Inc grew its position in Juniper Networks by 17.6% in the 3rd quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock worth $10,126,000 after purchasing an additional 38,936 shares during the period. Principal Financial Group Inc. grew its position in Juniper Networks by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after purchasing an additional 21,651 shares during the period. Charles Schwab Investment Management Inc. grew its position in Juniper Networks by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after purchasing an additional 33,016 shares during the period. Mizuho Securities USA LLC grew its position in Juniper Networks by 1,885.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after purchasing an additional 472,370 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Juniper Networks in the 3rd quarter worth approximately $1,182,000. Institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

JNPR has been the subject of a number of research analyst reports. StockNews.com began coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Barclays cut 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. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.50.

Juniper Networks Trading Down 0.7 %

Shares of Juniper Networks stock opened at $36.52 on Monday. The company has a market capitalization of $12.09 billion, a P/E ratio of 48.05, a P/E/G ratio of 11.44 and a beta of 0.89. 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 company has a fifty day moving average of $37.98 and a 200 day moving average of $37.55. Juniper Networks, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is currently 115.79%.

Juniper Networks Company 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.