Ontario Teachers Pension Plan Board Trims Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Ontario Teachers Pension Plan Board lowered its position in Juniper Networks, Inc. (NYSE:JNPR) by 66.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 40,403 shares of the network equipment provider’s stock after selling 79,266 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Juniper Networks were worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its position in 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 period. Magnetar Financial LLC acquired a new stake in shares of Juniper Networks during the 1st quarter valued at about $86,494,000. Canada Pension Plan Investment Board grew its position in shares of Juniper Networks by 859.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock valued at $31,016,000 after acquiring an additional 749,641 shares during the period. Gabelli Funds LLC purchased a new position in shares of Juniper Networks in the 1st quarter valued at about $23,379,000. Finally, Mizuho Securities USA LLC raised its holdings 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 worth $19,390,000 after purchasing an additional 472,370 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Citigroup reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Eight equities 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 currently has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Trading Up 1.7 %

JNPR opened at $35.66 on Thursday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 11.52 and a beta of 0.93. The company’s 50 day simple moving average is $38.65 and its two-hundred day simple moving average is $37.41. Juniper Networks, Inc. has a 1-year low of $26.77 and a 1-year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

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.