Westchester Capital Management LLC Has $46.69 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

Westchester Capital Management LLC lowered its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,197,762 shares of the network equipment provider’s stock after selling 193,263 shares during the quarter. Juniper Networks makes up approximately 2.0% of Westchester Capital Management LLC’s holdings, making the stock its 12th biggest holding. Westchester Capital Management LLC’s holdings in Juniper Networks were worth $46,689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in JNPR. Pacer Advisors Inc. boosted its stake in 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 worth $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Twin Securities Inc. lifted its position in Juniper Networks by 760.3% during the 3rd quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after buying an additional 599,420 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Juniper Networks by 172,681.3% during the 3rd 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 acquiring an additional 552,580 shares during the last quarter. Mizuho Securities USA LLC increased 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 acquiring an additional 472,370 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its stake in shares of Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock worth $104,313,000 after acquiring an additional 301,900 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JNPR has been the subject of a number of research reports. Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com assumed coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Barclays dropped their price target on shares of 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. 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 MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Price Performance

Juniper Networks stock opened at $35.92 on Friday. The firm has a market capitalization of $11.89 billion, a P/E ratio of 47.26, a PEG ratio of 11.38 and a beta of 0.93. The business has a 50-day moving average of $38.31 and a 200-day moving average of $37.45. 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, Inc. has a 1 year low of $27.87 and a 1 year high of $39.79.

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 issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks’s dividend payout ratio (DPR) 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.