7,814 Shares in Juniper Networks, Inc. (NYSE:JNPR) Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new stake in Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,814 shares of the network equipment provider’s stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in 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 worth $28,000 after buying an additional 745 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks in the 2nd quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its stake in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 shares during the period. Finally, Quarry LP boosted its position in shares of Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $35.91 on Friday. The firm has a market cap of $11.89 billion, a P/E ratio of 47.25, a PEG ratio of 11.18 and a beta of 0.93. Juniper Networks, Inc. has a twelve month low of $27.00 and a twelve month high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $38.53 and a 200 day moving average of $37.43.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is currently 115.79%.

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.