Juniper Networks, Inc. (NYSE:JNPR) is Harvest Management LLC’s 3rd Largest Position

Harvest Management LLC increased its stake in Juniper Networks, Inc. (NYSE:JNPR) by 1,340.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,900 shares of the network equipment provider’s stock after buying an additional 443,800 shares during the period. Juniper Networks comprises about 9.5% of Harvest Management LLC’s investment portfolio, making the stock its 3rd largest position. Harvest Management LLC owned approximately 0.14% of Juniper Networks worth $18,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JNPR. Larson Financial Group LLC grew its position in shares of Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new stake in Juniper Networks during the 2nd quarter valued at $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Juniper Networks during the second quarter valued at $36,000. Venturi Wealth Management LLC grew its position in 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 buying an additional 447 shares in the last quarter. Finally, Quarry LP raised its holdings 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 purchasing an additional 644 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JNPR shares. Citigroup reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Barclays dropped their price target 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. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $35.62 on Tuesday. The firm’s 50 day moving average price is $38.25 and its two-hundred day moving average price is $37.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a twelve month low of $28.25 and a twelve month high of $39.79. The firm has a market cap of $11.79 billion, a P/E ratio of 46.87, a PEG ratio of 11.34 and a beta of 0.89.

Juniper Networks Dividend Announcement

The company also recently announced 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 115.79%.

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.