Foster & Motley Inc. Raises Position in Juniper Networks, Inc. (NYSE:JNPR)

Foster & Motley Inc. boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 49.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,660 shares of the network equipment provider’s stock after buying an additional 10,126 shares during the quarter. Foster & Motley Inc.’s holdings in Juniper Networks were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JNPR. Pacer Advisors Inc. raised its holdings in Juniper Networks by 14,314.7% in 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 acquiring an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Juniper Networks by 3.8% in 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 during the last quarter. Alpine Associates Management Inc. raised its holdings in Juniper Networks by 9.1% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after acquiring an additional 197,400 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Juniper Networks in the 1st quarter valued at about $86,494,000. Finally, Hsbc Holdings PLC raised its holdings in Juniper Networks by 14.4% in the 2nd quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock valued at $69,716,000 after acquiring an additional 240,385 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Stock Down 0.4 %

Juniper Networks stock opened at $39.01 on Thursday. Juniper Networks, Inc. has a fifty-two week low of $25.83 and a fifty-two 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. The firm has a 50 day moving average price of $38.88 and a 200 day moving average price of $37.24. The company has a market capitalization of $12.92 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 12.23 and a beta of 0.93.

Juniper Networks Announces Dividend

The business 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 of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.26%. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Barclays cut their price target on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Finally, StockNews.com initiated coverage on shares of 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 company’s stock. According to data from MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and an average 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.