Americana Partners LLC Invests $380,000 in Juniper Networks, Inc. (NYSE:JNPR)

Americana Partners LLC purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,748 shares of the network equipment provider’s stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management bought a new position in Juniper Networks in the 2nd quarter worth $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks in the 2nd quarter worth about $36,000. Fidelis Capital Partners LLC bought a new stake in shares of Juniper Networks during the 1st quarter valued at about $43,000. Finally, Quarry LP increased its position 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on JNPR shares. Citigroup reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays dropped their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Finally, StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Stock Performance

Shares of NYSE JNPR opened at $39.00 on Friday. The firm’s 50-day moving average price is $38.87 and its 200-day moving average price is $37.18. Juniper Networks, Inc. has a 52-week low of $25.83 and a 52-week high of $39.79. The company has a market cap of $12.84 billion, a PE ratio of 51.32, a PEG ratio of 12.21 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is presently 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.