Foster & Motley Inc. Raises Position in Juniper Networks, Inc. (NYSE:JNPR)

Foster & Motley Inc. lifted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 49.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,660 shares of the network equipment provider’s stock after purchasing an additional 10,126 shares during the period. Foster & Motley Inc.’s holdings in Juniper Networks were worth $1,195,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JNPR. Larson Financial Group LLC lifted 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 worth $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the 2nd quarter worth $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks during the 2nd quarter worth $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of Juniper Networks during the 1st quarter worth $43,000. Finally, Quarry LP lifted its position in shares of Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Trading Down 0.4 %

NYSE JNPR opened at $39.01 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm has a market cap of $12.92 billion, a PE ratio of 51.33, a P/E/G ratio of 12.23 and a beta of 0.93. Juniper Networks, Inc. has a one year low of $25.83 and a one year high of $39.79. The firm’s fifty day moving average is $38.88 and its two-hundred day moving average is $37.24.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. Juniper Networks’s dividend payout ratio is presently 115.79%.

Analyst Ratings Changes

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