UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Juniper Networks, Inc. (NYSE:JNPR) by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,629,269 shares of the network equipment provider’s stock after selling 1,248,735 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.10% of Juniper Networks worth $141,469,000 at the end of the most recent reporting period.

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

Juniper Networks Stock Performance

Juniper Networks stock opened at $35.92 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks, Inc. has a fifty-two week low of $27.87 and a fifty-two week high of $39.79. The stock has a fifty day moving average of $38.25 and a two-hundred day moving average of $37.48. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 11.34 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. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s dividend payout ratio is currently 115.79%.

Analysts Set New Price Targets

Several equities research analysts have commented on JNPR shares. Barclays decreased their target price 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. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.