Czech National Bank increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR – Free Report) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 71,787 shares of the network equipment provider’s stock after buying an additional 4,733 shares during the quarter. Czech National Bank’s holdings in Juniper Networks were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of JNPR. Venturi Wealth Management LLC lifted its position in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after acquiring an additional 447 shares during the last quarter. Quarry LP increased its stake 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 worth $56,000 after purchasing an additional 644 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Juniper Networks during the 3rd quarter worth about $61,000. Longfellow Investment Management Co. LLC boosted its stake in Juniper Networks by 84.7% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after purchasing an additional 839 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Juniper Networks in the 3rd quarter valued at approximately $76,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on JNPR shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Citigroup restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.25.
Juniper Networks Trading Up 0.4 %
Shares of JNPR stock opened at $38.82 on Friday. The firm has a fifty day moving average of $37.25 and a 200-day moving average of $37.99. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 8.49 and a beta of 0.88. Juniper Networks, Inc. has a 52-week low of $34.30 and a 52-week high of $39.79. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was 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.
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