Geode Capital Management LLC Acquires 417,050 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Geode Capital Management LLC grew its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,540,330 shares of the network equipment provider’s stock after purchasing an additional 417,050 shares during the period. Geode Capital Management LLC owned approximately 2.88% of Juniper Networks worth $371,269,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sather Financial Group Inc boosted its stake in Juniper Networks by 17.6% in the 3rd quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock worth $10,126,000 after purchasing an additional 38,936 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Juniper Networks by 5.1% in the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after buying an additional 21,651 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after acquiring an additional 33,016 shares during the period. Mizuho Securities USA LLC grew its stake in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock valued at $19,390,000 after acquiring an additional 472,370 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Juniper Networks during the 3rd quarter worth approximately $1,182,000. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JNPR shares. Barclays reduced their price target on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $37.23 on Friday. The firm has a market capitalization of $12.33 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 11.80 and a beta of 0.89. 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, Inc. has a 12 month low of $28.94 and a 12 month high of $39.79. The business’s 50-day moving average price is $37.81 and its 200-day moving average price is $37.60.

Juniper Networks Dividend Announcement

The firm also recently declared 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. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, December 2nd. 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.