US Bancorp DE Buys 2,506 Shares of Juniper Networks, Inc. (NYSE:JNPR)

US Bancorp DE raised its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,734 shares of the network equipment provider’s stock after purchasing an additional 2,506 shares during the quarter. US Bancorp DE’s holdings in Juniper Networks were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp raised its position in shares of Juniper Networks by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 66,545 shares of the network equipment provider’s stock valued at $2,466,000 after buying an additional 705 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Juniper Networks during the first quarter valued at about $507,000. SG Americas Securities LLC lifted its stake in Juniper Networks by 128.6% during the first quarter. SG Americas Securities LLC now owns 38,942 shares of the network equipment provider’s stock worth $1,443,000 after purchasing an additional 21,909 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Juniper Networks in the 1st quarter worth about $80,000. Finally, QRG Capital Management Inc. increased its position in shares of Juniper Networks by 10.6% during the 1st quarter. QRG Capital Management Inc. now owns 21,698 shares of the network equipment provider’s stock valued at $804,000 after purchasing an additional 2,087 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JNPR shares. Barclays decreased their price target 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. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating on the stock. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Trading Down 0.2 %

Shares of NYSE:JNPR opened at $38.91 on Monday. The stock’s 50-day simple moving average is $38.88 and its two-hundred day simple moving average is $37.30. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 12.28 and a beta of 0.93. Juniper Networks, Inc. has a 52-week low of $25.83 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) 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.