Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 46.7% during the third quarter, HoldingsChannel reports. The fund owned 119,439 shares of the network equipment provider’s stock after selling 104,734 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Juniper Networks were worth $4,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JNPR. Sather Financial Group Inc increased its position in 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 worth $10,126,000 after purchasing an additional 38,936 shares during the period. Principal Financial Group Inc. grew its holdings in Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after acquiring an additional 21,651 shares during the period. Mizuho Securities USA LLC raised its position in Juniper Networks by 1,885.0% in the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after acquiring an additional 472,370 shares in the last quarter. Alpine Associates Management Inc. lifted its holdings in Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after acquiring an additional 301,900 shares during the period. Finally, ING Groep NV boosted 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 purchasing an additional 276,891 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Juniper Networks Price Performance

JNPR stock opened at $35.91 on Monday. The stock’s 50 day moving average price is $38.53 and its 200 day moving average price is $37.45. The firm has a market cap of $11.89 billion, a P/E ratio of 47.25, a PEG ratio of 11.18 and a beta of 0.93. 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 1 year low of $27.00 and a 1 year high of $39.79.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. 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.