Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Juniper Networks, Inc. (NYSE:JNPR) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,397 shares of the network equipment provider’s stock after selling 10,251 shares during the period. Public Employees Retirement System of Ohio’s holdings in Juniper Networks were worth $4,966,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JNPR. Larson Financial Group LLC lifted its holdings in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management acquired a new position in Juniper Networks during the second quarter worth approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks in the second quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its stake in 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 boosted its holdings in shares of Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.2 %

Shares of Juniper Networks stock opened at $37.23 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 11.80 and a beta of 0.89. Juniper Networks, Inc. has a 52-week low of $28.94 and a 52-week high of $39.79. The company’s 50-day simple moving average is $37.81 and its 200-day simple moving average is $37.63.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 2.36%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JNPR shares. Citigroup reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Barclays decreased their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Juniper Networks presently 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.