Union Bancaire Privee UBP SA Acquires Shares of 242,746 Juniper Networks, Inc. (NYSE:JNPR)

Union Bancaire Privee UBP SA bought a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 242,746 shares of the network equipment provider’s stock, valued at approximately $8,645,000. Union Bancaire Privee UBP SA owned approximately 0.07% of Juniper Networks at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of 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 acquiring an additional 447 shares during the period. Quarry LP boosted its position in shares of 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. Sentry Investment Management LLC bought a new position in shares of Juniper Networks during the third quarter worth $61,000. Longfellow Investment Management Co. LLC grew its holdings in shares of Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after buying an additional 839 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Juniper Networks in the 3rd quarter valued at $76,000. 91.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on JNPR shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Barclays cut their target price on 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Trading Up 0.1 %

Shares of Juniper Networks stock opened at $39.03 on Monday. Juniper Networks, Inc. has a 1 year low of $34.30 and a 1 year high of $39.79. 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 firm has a market capitalization of $12.92 billion, a PE ratio of 51.35, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88. The firm’s 50 day moving average is $37.31 and its 200 day moving average is $38.10.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 115.79%.

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.