Victory Capital Management Inc. Sells 186,031 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Victory Capital Management Inc. trimmed its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 77.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,490 shares of the network equipment provider’s stock after selling 186,031 shares during the period. Victory Capital Management Inc.’s holdings in Juniper Networks were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of JNPR. Pacer Advisors Inc. boosted its position in shares of Juniper Networks by 14,314.7% in 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 acquiring an additional 4,798,583 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Juniper Networks by 153.9% during the 2nd quarter. Squarepoint Ops LLC now owns 448,965 shares of the network equipment provider’s stock worth $16,369,000 after purchasing an additional 272,141 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Juniper Networks by 116.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 473,058 shares of the network equipment provider’s stock worth $17,248,000 after purchasing an additional 254,301 shares during the period. Hsbc Holdings PLC raised its stake in Juniper Networks by 14.4% in 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 in the last quarter. Finally, Sather Financial Group Inc bought a new stake in Juniper Networks during the second quarter worth about $8,052,000. Institutional investors own 91.95% of the company’s stock.

Analysts Set New Price Targets

JNPR has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays dropped their target price 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. Finally, StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $35.91 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 11.18 and a beta of 0.93. Juniper Networks, Inc. has a 12 month low of $27.00 and a 12 month high of $39.79. The stock has a 50 day moving average of $38.53 and a 200 day moving average of $37.45.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s payout ratio is presently 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.