Metis Global Partners LLC Increases Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Metis Global Partners LLC lifted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,860 shares of the network equipment provider’s stock after purchasing an additional 3,335 shares during the period. Metis Global Partners LLC’s holdings in Juniper Networks were worth $1,944,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares during the period. OFI Invest Asset Management purchased a new stake in Juniper Networks during the second quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks during the second quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its position in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares during the last quarter. Finally, Quarry LP lifted its position in Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after acquiring an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JNPR shares. Barclays cut their price target on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Trading Down 5.0 %

Shares of JNPR stock opened at $36.50 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The stock has a market capitalization of $12.08 billion, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 12.07 and a beta of 0.93. The company has a 50 day moving average price of $38.83 and a 200 day moving average price of $37.38. Juniper Networks, Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. Juniper Networks’s dividend payout ratio is currently 115.79%.

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.