Juniper Networks, Inc. (NYSE:JNPR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can grew its position in Juniper Networks, Inc. (NYSE:JNPR) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 815,384 shares of the network equipment provider’s stock after acquiring an additional 33,305 shares during the quarter. Bank of Montreal Can owned about 0.25% of Juniper Networks worth $31,759,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sather Financial Group Inc boosted its holdings in shares of Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after acquiring an additional 38,936 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Juniper Networks by 5.1% in the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after acquiring an additional 21,651 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after acquiring an additional 33,016 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Juniper Networks by 1,885.0% in the third 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 during the period. Finally, Alpine Associates Management Inc. lifted its holdings in shares of Juniper Networks by 12.7% during 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 purchasing an additional 301,900 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on JNPR. 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 report on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Up 0.1 %

NYSE:JNPR opened at $36.07 on Friday. The stock has a fifty day moving average price of $38.37 and a two-hundred day moving average price of $37.46. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 11.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a 1 year low of $27.19 and a 1 year high of $39.79.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is 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.