Caisse DE Depot ET Placement DU Quebec Sells 35,690 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Caisse DE Depot ET Placement DU Quebec lowered its stake in Juniper Networks, Inc. (NYSE:JNPR) by 80.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,549 shares of the network equipment provider’s stock after selling 35,690 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Juniper Networks were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JNPR. Sather Financial Group Inc boosted its stake in shares of Juniper Networks by 17.6% during the 3rd quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. boosted its position in Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after acquiring an additional 21,651 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after acquiring an additional 33,016 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of Juniper Networks by 1,885.0% during the 3rd 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 period. Finally, Alpine Associates Management Inc. raised its position in shares of Juniper Networks by 12.7% in the 3rd 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 in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Down 0.4 %

Shares of Juniper Networks stock opened at $35.46 on Wednesday. The company has a 50-day simple moving average of $38.18 and a two-hundred day simple moving average of $37.51. Juniper Networks, Inc. has a 52-week low of $28.25 and a 52-week high of $39.79. 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 $11.74 billion, a PE ratio of 46.66, a price-to-earnings-growth ratio of 11.24 and a beta of 0.89.

Juniper Networks Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.48%. Juniper Networks’s dividend payout ratio is 115.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on JNPR shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Finally, Barclays cut their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock 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. According to data from MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $39.50.

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.