Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 14.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 191,667 shares of the network equipment provider’s stock after selling 32,109 shares during the quarter. Juniper Networks accounts for about 0.8% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 2nd biggest position. Dynamic Technology Lab Private Ltd’s holdings in Juniper Networks were worth $7,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 745 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Juniper Networks in the 2nd quarter valued at $36,000. Venturi Wealth Management LLC increased its position in shares of 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 worth $46,000 after buying an additional 447 shares during the period. Finally, Quarry LP raised its stake in Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on JNPR shares. Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com began coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Finally, Barclays dropped their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Juniper Networks has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

JNPR opened at $35.91 on Monday. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 11.33 and a beta of 0.93. The company’s fifty day moving average price is $38.53 and its two-hundred day moving average price is $37.45. Juniper Networks, Inc. has a 1-year low of $27.00 and a 1-year high of $39.79. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks’s payout ratio is 115.79%.

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.