Natixis Advisors LLC Buys 7,745 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Natixis Advisors LLC lifted its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 38.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,799 shares of the network equipment provider’s stock after purchasing an additional 7,745 shares during the quarter. Natixis Advisors LLC’s holdings in Juniper Networks were worth $1,084,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new position in Juniper Networks in the 2nd quarter valued at about $31,000. Longfellow Investment Management Co. LLC acquired a new position in Juniper Networks during the 2nd quarter valued at about $36,000. Venturi Wealth Management LLC increased its holdings in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares in the last quarter. Finally, Quarry LP increased its holdings in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JNPR has been the topic of several analyst reports. Barclays cut their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com began coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating for the company. Finally, Citigroup reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $36.03 on Wednesday. Juniper Networks, Inc. has a fifty-two week low of $27.10 and a fifty-two week high of $39.79. The company’s 50-day moving average is $38.48 and its 200 day moving average is $37.46. 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 company has a market capitalization of $11.93 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 11.33 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. Stockholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is currently 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.