BNP Paribas Financial Markets Trims Stake in Juniper Networks, Inc. (NYSE:JNPR)

BNP Paribas Financial Markets lessened its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 6.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 507,348 shares of the network equipment provider’s stock after selling 34,877 shares during the quarter. BNP Paribas Financial Markets’ holdings in Juniper Networks were worth $19,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in JNPR. Pacer Advisors Inc. increased its stake in 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 valued at $176,179,000 after purchasing an additional 4,798,583 shares during the period. Bank of New York Mellon Corp increased its position in Juniper Networks by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after acquiring an additional 114,795 shares during the period. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $115,276,000 after acquiring an additional 33,016 shares during the last quarter. Alpine Associates Management Inc. raised its stake in Juniper Networks by 12.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after acquiring an additional 301,900 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Juniper Networks by 14.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock worth $69,716,000 after acquiring an additional 240,385 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analyst Ratings Changes

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

Juniper Networks Stock Down 0.4 %

Shares of NYSE JNPR opened at $35.92 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $38.25 and a 200 day moving average price of $37.46. Juniper Networks, Inc. has a 52 week low of $27.87 and a 52 week high of $39.79. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 11.38 and a beta of 0.93.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 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.