Connor Clark & Lunn Investment Management Ltd. Has $1.58 Million Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 46.6% in the third quarter, Holdings Channel reports. The firm owned 40,420 shares of the network equipment provider’s stock after selling 35,279 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Juniper Networks were worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JNPR. Pacer Advisors Inc. boosted its holdings in Juniper Networks by 14,314.7% in the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Juniper Networks by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock worth $115,125,000 after buying an additional 114,795 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in shares of Juniper Networks by 12.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock worth $104,313,000 after acquiring an additional 301,900 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Juniper Networks by 14.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock valued at $69,716,000 after acquiring an additional 240,385 shares during the last quarter. Finally, ING Groep NV raised its stake in shares of Juniper Networks by 30.6% in the 3rd quarter. ING Groep NV now owns 1,181,322 shares of the network equipment provider’s stock valued at $46,048,000 after acquiring an additional 276,891 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $36.03 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The company has a market cap of $11.93 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 11.33 and a beta of 0.93. The firm has a fifty day moving average price of $38.48 and a two-hundred day moving average price of $37.46. Juniper Networks, Inc. has a fifty-two week low of $27.10 and a fifty-two week high of $39.79.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s payout ratio is presently 115.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays decreased their target price on 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note 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 on the stock. Finally, Citigroup reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.50.

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.