Juniper Networks, Inc. (NYSE:JNPR) Stake Raised by Glenmede Trust Co. NA

Glenmede Trust Co. NA raised its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,755 shares of the network equipment provider’s stock after acquiring an additional 851 shares during the quarter. Glenmede Trust Co. NA’s holdings in Juniper Networks were worth $1,355,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Juniper Networks by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after acquiring an additional 114,795 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after acquiring an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. raised its holdings in shares of Juniper Networks by 12.7% during the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock worth $104,313,000 after acquiring an additional 301,900 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Juniper Networks by 14.4% during the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock valued at $69,716,000 after purchasing an additional 240,385 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.4 %

NYSE:JNPR opened at $35.92 on Monday. The company’s 50 day moving average is $38.25 and its 200-day moving average is $37.48. 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 12 month low of $27.87 and a 12 month high of $39.79. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 47.26, a P/E/G ratio of 11.34 and a beta of 0.93.

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. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays dropped their target price on 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. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Finally, Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.50.

About Juniper Networks

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.