Itau Unibanco Holding S.A. Invests $267,000 in Juniper Networks, Inc. (NYSE:JNPR)

Itau Unibanco Holding S.A. bought a new stake in Juniper Networks, Inc. (NYSE:JNPR) during the third quarter, Holdings Channel.com reports. The fund bought 6,851 shares of the network equipment provider’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of JNPR. GAMMA Investing LLC raised its position in Juniper Networks by 297.0% during the second quarter. GAMMA Investing LLC now owns 4,300 shares of the network equipment provider’s stock valued at $157,000 after purchasing an additional 3,217 shares in the last quarter. DNB Asset Management AS grew its position in Juniper Networks by 3.2% during the second quarter. DNB Asset Management AS now owns 71,206 shares of the network equipment provider’s stock valued at $2,596,000 after acquiring an additional 2,180 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Juniper Networks by 8.9% during the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after acquiring an additional 402 shares in the last quarter. CWM LLC lifted its holdings in shares of Juniper Networks by 12.8% in the 2nd quarter. CWM LLC now owns 4,989 shares of the network equipment provider’s stock worth $182,000 after acquiring an additional 566 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Juniper Networks by 1.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 27,649 shares of the network equipment provider’s stock valued at $1,008,000 after purchasing an additional 450 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Trading Down 0.4 %

NYSE JNPR opened at $35.46 on Wednesday. The stock has a market cap of $11.74 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 11.24 and a beta of 0.89. Juniper Networks, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $39.79. The stock has a 50 day simple moving average of $38.18 and a two-hundred day simple moving average of $37.51. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Rosenblatt Securities reissued 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 report on Monday, September 23rd. Barclays dropped their target price 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. Finally, StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.