Empowered Funds LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Empowered Funds LLC trimmed its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 97.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,429 shares of the network equipment provider’s stock after selling 208,524 shares during the quarter. Empowered Funds LLC’s holdings in Juniper Networks were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of JNPR. Oak Thistle LLC increased its stake in shares of Juniper Networks by 4.6% during the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after acquiring an additional 353 shares during the period. Oregon Public Employees Retirement Fund increased its position in Juniper Networks by 1.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 8.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after buying an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Juniper Networks by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after buying an additional 422 shares during the period. Finally, Keene & Associates Inc. boosted its stake in shares of Juniper Networks by 3.8% in the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Price Performance

NYSE:JNPR opened at $36.03 on Wednesday. Juniper Networks, Inc. has a 12-month low of $27.10 and a 12-month high of $39.79. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 47.39, a price-to-earnings-growth ratio of 11.33 and a beta of 0.93. The company’s 50-day moving average is $38.48 and its two-hundred day moving average is $37.46. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Wall Street Analyst Weigh In

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

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.