Swedbank AB Sells 1,185 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Swedbank AB reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 70,494 shares of the network equipment provider’s stock after selling 1,185 shares during the period. Swedbank AB’s holdings in Juniper Networks were worth $2,748,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JNPR. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Juniper Networks in the second quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks in the second quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its holdings in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of 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 acquiring an additional 644 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a 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 report on Friday, November 1st. Finally, StockNews.com assumed coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Up 0.1 %

NYSE:JNPR opened at $36.07 on Thursday. The company has a market cap of $11.94 billion, a P/E ratio of 47.30, a P/E/G ratio of 11.43 and a beta of 0.93. The stock’s fifty day moving average price is $38.42 and its two-hundred day moving average price is $37.47. Juniper Networks, Inc. has a 1 year low of $27.19 and a 1 year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. 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.