Penserra Capital Management LLC Sells 217,594 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Penserra Capital Management LLC lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 64.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 117,615 shares of the network equipment provider’s stock after selling 217,594 shares during the period. Penserra Capital Management LLC’s holdings in Juniper Networks were worth $4,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JNPR. Pacer Advisors Inc. lifted its stake in shares of Juniper Networks by 14,314.7% during the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after buying an additional 4,798,583 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Juniper Networks by 1,885.0% in the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock valued at $19,390,000 after acquiring an additional 472,370 shares in the last quarter. Alpine Associates Management Inc. lifted its position 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 acquiring an additional 301,900 shares in the last quarter. ING Groep NV boosted its stake in shares of Juniper Networks by 30.6% in the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider’s stock worth $46,048,000 after acquiring an additional 276,891 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Juniper Networks by 153.9% during the second quarter. Squarepoint Ops LLC now owns 448,965 shares of the network equipment provider’s stock worth $16,369,000 after purchasing an additional 272,141 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Juniper Networks Trading Up 1.4 %

Shares of JNPR opened at $35.91 on Monday. The stock has a market capitalization of $11.89 billion, a PE ratio of 47.25, a P/E/G ratio of 11.33 and a beta of 0.93. The company’s fifty day moving average is $38.53 and its 200 day moving average is $37.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 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.