Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in Juniper Networks, Inc. (NYSE:JNPR) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 191,667 shares of the network equipment provider’s stock after selling 32,109 shares during the quarter. Juniper Networks makes up 0.8% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 2nd largest position. Dynamic Technology Lab Private Ltd owned about 0.06% of Juniper Networks worth $7,471,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Juniper Networks by 14,314.7% during the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after buying an additional 4,798,583 shares during the last quarter. Mizuho Securities USA LLC lifted its position in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after acquiring an additional 472,370 shares during the last quarter. Alpine Associates Management Inc. lifted its position in 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 acquiring an additional 301,900 shares during the last quarter. ING Groep NV boosted its holdings in shares of Juniper Networks by 30.6% during the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider’s stock worth $46,048,000 after acquiring an additional 276,891 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Juniper Networks by 153.9% in the second quarter. Squarepoint Ops LLC now owns 448,965 shares of the network equipment provider’s stock valued at $16,369,000 after purchasing an additional 272,141 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Trading Up 1.4 %

Shares of JNPR opened at $35.91 on Monday. 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 52-week low of $27.00 and a 52-week high of $39.79. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 11.33 and a beta of 0.93. The business’s fifty day moving average is $38.53 and its 200-day moving average is $37.45.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Juniper Networks’s payout ratio is currently 115.79%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JNPR shares. StockNews.com initiated coverage on Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Barclays decreased their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks 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.