B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Juniper Networks, Inc. (NYSE:JNPR)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, according to its most recent filing with the SEC. The firm purchased 22,447 shares of the network equipment provider’s stock, valued at approximately $875,000.

Several other hedge funds have also recently made changes to their positions in JNPR. Sather Financial Group Inc boosted its position in shares of Juniper Networks by 17.6% during the 3rd quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Juniper Networks by 5.1% in the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after buying an additional 21,651 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Juniper Networks by 1,885.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after buying an additional 472,370 shares in the last quarter. ING Groep NV grew its position in shares of Juniper Networks by 30.6% during the 3rd 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 period. Finally, GSA Capital Partners LLP bought a new stake in shares of Juniper Networks in the 3rd quarter valued at $2,731,000. 91.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JNPR has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. StockNews.com started coverage on Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Barclays reduced their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Up 1.4 %

JNPR stock opened at $35.91 on Friday. The firm has a market capitalization of $11.89 billion, a PE ratio of 47.25, a P/E/G ratio of 11.18 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a twelve month low of $27.00 and a twelve month high of $39.79. The stock’s 50 day moving average is $38.53 and its 200-day moving average is $37.43.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 115.79%.

Juniper Networks 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.