Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 883,057 shares of the network equipment provider’s stock after buying an additional 11,687 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Juniper Networks were worth $34,422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of Juniper Networks by 14,314.7% during 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of Juniper Networks by 3.8% in the second 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 purchasing an additional 114,795 shares during the period. Alpine Associates Management Inc. increased its holdings in shares of Juniper Networks by 9.1% in the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after purchasing an additional 197,400 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Juniper Networks during the first quarter worth approximately $86,494,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Juniper Networks by 14.4% during the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock worth $69,716,000 after purchasing an additional 240,385 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Stock Performance

JNPR opened at $36.51 on Friday. Juniper Networks, Inc. has a 1-year low of $25.83 and a 1-year high of $39.79. The stock has a market cap of $12.09 billion, a P/E ratio of 48.04, a P/E/G ratio of 12.07 and a beta of 0.93. The stock’s 50 day simple moving average is $38.83 and its 200 day simple moving average is $37.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks Dividend Announcement

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 given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is currently 115.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays cut 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 report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. StockNews.com assumed coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks 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.