Deseret Mutual Benefit Administrators Has $104,000 Stake in Juniper Networks, Inc. (NYSE:JNPR)

Deseret Mutual Benefit Administrators decreased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,677 shares of the network equipment provider’s stock after selling 332 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Juniper Networks were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNPR. State of Alaska Department of Revenue grew its stake in shares of Juniper Networks by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 34,928 shares of the network equipment provider’s stock worth $1,294,000 after buying an additional 495 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Juniper Networks by 0.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,308 shares of the network equipment provider’s stock worth $2,754,000 after purchasing an additional 585 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Juniper Networks in the first quarter valued at about $43,000. Daiwa Securities Group Inc. boosted its stake in shares of Juniper Networks by 11.4% during the first quarter. Daiwa Securities Group Inc. now owns 31,488 shares of the network equipment provider’s stock valued at $1,167,000 after purchasing an additional 3,214 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Juniper Networks by 12.3% during the first quarter. GSA Capital Partners LLP now owns 27,839 shares of the network equipment provider’s stock worth $1,032,000 after purchasing an additional 3,060 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JNPR. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Barclays cut their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Price Performance

JNPR stock opened at $39.01 on Thursday. The company has a market capitalization of $12.92 billion, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 12.23 and a beta of 0.93. Juniper Networks, Inc. has a 52-week low of $25.83 and a 52-week high of $39.79. The business has a 50-day simple moving average of $38.88 and a two-hundred day simple moving average of $37.25. 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 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 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) 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.