Avanza Fonder AB Purchases New Shares in Juniper Networks, Inc. (NYSE:JNPR)

Avanza Fonder AB acquired a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,031 shares of the network equipment provider’s stock, valued at approximately $1,349,000.

A number of other hedge funds have also bought and sold shares of JNPR. Pacer Advisors Inc. raised its holdings in shares of Juniper Networks by 14,314.7% in the second 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 period. Oddo BHF Asset Management Sas purchased a new stake in Juniper Networks in the third quarter worth $25,337,000. Twin Securities Inc. lifted its position in shares of Juniper Networks by 760.3% during the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after purchasing an additional 599,420 shares during the last quarter. State Street Corp boosted its stake in shares of Juniper Networks by 3.8% during the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after purchasing an additional 574,418 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock worth $21,552,000 after purchasing an additional 552,580 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JNPR. Citigroup reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Barclays lowered their price target 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, Rosenblatt Securities restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average price target of $39.25.

Juniper Networks Price Performance

Shares of JNPR opened at $38.47 on Friday. The stock has a market capitalization of $12.74 billion, a PE ratio of 50.61, a PEG ratio of 8.49 and a beta of 0.88. The company has a 50 day moving average price of $37.24 and a 200-day moving average price of $38.02. 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 fifty-two week low of $34.30 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.29%. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

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.