7,814 Shares in Juniper Networks, Inc. (NYSE:JNPR) Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, HoldingsChannel.com reports. The firm bought 7,814 shares of the network equipment provider’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JNPR. Pacer Advisors Inc. increased its position in 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 valued at $176,179,000 after acquiring an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Juniper Networks by 3.8% during the 2nd 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 position in shares of Juniper Networks by 12.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after purchasing an additional 301,900 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Juniper Networks by 14.4% in the 2nd 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. Finally, ING Groep NV boosted its holdings in shares of Juniper Networks by 30.6% in the third quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider’s stock worth $46,048,000 after buying an additional 276,891 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JNPR shares. Citigroup reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Barclays reduced their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Juniper Networks has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Up 1.4 %

Shares of JNPR opened at $35.91 on Friday. Juniper Networks, Inc. has a 1 year low of $27.00 and a 1 year high of $39.79. The company has a 50 day simple moving average of $38.53 and a two-hundred day simple moving average of $37.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The firm has a market cap of $11.89 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 11.18 and a beta of 0.93.

Juniper Networks Dividend Announcement

The business 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks’s payout ratio is currently 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.