Juniper Networks, Inc. (NYSE:JNPR) Stock Holdings Boosted by MML Investors Services LLC

MML Investors Services LLC boosted its position in Juniper Networks, Inc. (NYSE:JNPR) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,066 shares of the network equipment provider’s stock after purchasing an additional 921 shares during the quarter. MML Investors Services LLC’s holdings in Juniper Networks were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Juniper Networks by 14,314.7% during 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 buying an additional 4,798,583 shares during the last quarter. Twin Securities Inc. increased its holdings in shares of Juniper Networks by 760.3% during the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock valued at $26,438,000 after purchasing an additional 599,420 shares during the period. State Street Corp raised its stake in shares of Juniper Networks by 3.8% during the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after purchasing an additional 574,418 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock worth $21,552,000 after purchasing an additional 552,580 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Juniper Networks by 1,885.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock valued at $19,390,000 after buying an additional 472,370 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

JNPR opened at $37.48 on Tuesday. 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 firm has a market cap of $12.41 billion, a PE ratio of 49.32, a P/E/G ratio of 11.80 and a beta of 0.89. The business has a fifty day simple moving average of $37.67 and a 200-day simple moving average of $37.72. Juniper Networks, Inc. has a fifty-two week low of $29.13 and a fifty-two week high of $39.79.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a $0.22 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.35%. Juniper Networks’s dividend payout ratio is currently 115.79%.

Analyst Upgrades and Downgrades

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

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.