Juniper Networks, Inc. (NYSE:JNPR) Stock Holdings Reduced by Westchester Capital Management LLC

Westchester Capital Management LLC cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,197,762 shares of the network equipment provider’s stock after selling 193,263 shares during the period. Juniper Networks accounts for about 2.0% of Westchester Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Westchester Capital Management LLC owned approximately 0.36% of Juniper Networks worth $46,689,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JNPR. Larson Financial Group LLC raised its position in 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 valued at $28,000 after acquiring an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Juniper Networks during the 2nd quarter worth $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks during the 2nd quarter valued at $36,000. Venturi Wealth Management LLC lifted its stake in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 shares during the last quarter. Finally, Quarry LP boosted its holdings in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Trading Down 0.4 %

Juniper Networks stock opened at $35.92 on Friday. Juniper Networks, Inc. has a 12 month low of $27.87 and a 12 month high of $39.79. The stock has a market cap 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. The business has a 50 day moving average price of $38.31 and a two-hundred day moving average price of $37.45. The company has a quick ratio of 1.30, a current ratio of 1.72 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. Shareholders of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Finally, Barclays lowered 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 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.50.

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.