Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 32.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 507,457 shares of the network equipment provider’s stock after selling 242,983 shares during the period. Citigroup Inc. owned 0.15% of Juniper Networks worth $19,781,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in JNPR. Larson Financial Group LLC increased its position in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Juniper Networks during the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks during the second quarter worth about $36,000. Venturi Wealth Management LLC raised its position in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the last quarter. Finally, Quarry LP lifted its stake 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 valued at $56,000 after buying an additional 644 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Rosenblatt Securities reiterated 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 research note on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Barclays cut their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Stock Performance

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. Juniper Networks, Inc. has a 12 month low of $27.10 and a 12 month high of $39.79. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 11.33 and a beta of 0.93. The stock’s 50-day moving average is $38.48 and its 200-day moving average is $37.46.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s dividend payout ratio (DPR) is 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.