Brooklyn Investment Group Purchases New Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Brooklyn Investment Group bought a new position in Juniper Networks, Inc. (NYSE:JNPR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,954 shares of the network equipment provider’s stock, valued at approximately $76,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of Juniper Networks by 2,069.4% in 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 period. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks during the second quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its position in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of 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 buying an additional 644 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Up 0.1 %

NYSE:JNPR opened at $36.07 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $38.37 and its two-hundred day moving average is $37.46. Juniper Networks, Inc. has a 52 week low of $27.19 and a 52 week high of $39.79. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 11.43 and a beta of 0.93.

Juniper Networks Announces Dividend

The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on JNPR shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, 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 report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.50.

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.