Juniper Networks, Inc. (NYSE:JNPR) Stock Position Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 16.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,373 shares of the network equipment provider’s stock after selling 21,998 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Juniper Networks were worth $4,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Pacer Advisors Inc. raised its stake in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after acquiring an additional 4,798,583 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Juniper Networks in the 1st quarter valued at approximately $86,494,000. Canada Pension Plan Investment Board raised its stake in shares of Juniper Networks by 859.1% in 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 in the last quarter. Gabelli Funds LLC bought a new position in shares of Juniper Networks in the 1st quarter valued at approximately $23,379,000. Finally, Natixis raised its stake in shares of Juniper Networks by 1,524.4% in the 1st quarter. Natixis now owns 470,137 shares of the network equipment provider’s stock valued at $17,423,000 after acquiring an additional 441,194 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Price Performance

Shares of JNPR stock opened at $38.53 on Wednesday. The stock’s fifty day simple moving average is $38.88 and its 200 day simple moving average is $37.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 50.70, a P/E/G ratio of 12.28 and a beta of 0.93. Juniper Networks, Inc. has a one year low of $25.83 and a one year high of $39.79.

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 paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 115.79%.

Analyst Upgrades and Downgrades

JNPR has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Barclays dropped their price target on 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Citigroup reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.50.

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.