Juniper Networks, Inc. (NYSE:JNPR) Shares Purchased by ING Groep NV

ING Groep NV raised its position in Juniper Networks, Inc. (NYSE:JNPR) by 30.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,181,322 shares of the network equipment provider’s stock after buying an additional 276,891 shares during the quarter. ING Groep NV owned approximately 0.36% of Juniper Networks worth $46,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of JNPR. Oak Thistle LLC raised its position in Juniper Networks by 4.6% in the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock valued at $292,000 after purchasing an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Juniper Networks by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after buying an additional 400 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Juniper Networks by 8.9% during the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after buying an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Juniper Networks by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after buying an additional 422 shares during the last quarter. Finally, Keene & Associates Inc. increased its position in Juniper Networks by 3.8% in the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after acquiring an additional 425 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Juniper Networks Price Performance

Shares of NYSE:JNPR traded up $0.15 during trading on Thursday, hitting $38.40. 616,581 shares of the stock were exchanged, compared to its average volume of 3,615,077. The company has a market cap of $12.71 billion, a PE ratio of 50.38, a P/E/G ratio of 12.16 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $38.87 and a two-hundred day moving average price of $37.36. Juniper Networks, Inc. has a 12-month low of $25.83 and a 12-month high of $39.79.

Juniper Networks Dividend Announcement

The company also recently announced 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 2.29%. The ex-dividend date 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.