Juniper Networks, Inc. (NYSE:JNPR) Position Boosted by Olympiad Research LP

Olympiad Research LP lifted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 94.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,840 shares of the network equipment provider’s stock after buying an additional 25,223 shares during the period. Juniper Networks makes up approximately 1.3% of Olympiad Research LP’s portfolio, making the stock its 10th biggest holding. Olympiad Research LP’s holdings in Juniper Networks were worth $2,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in shares of Juniper Networks by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 34,928 shares of the network equipment provider’s stock worth $1,294,000 after purchasing an additional 495 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 during the period. Fidelis Capital Partners LLC bought a new stake in shares of Juniper Networks in the 1st quarter worth approximately $43,000. Daiwa Securities Group Inc. raised its holdings in shares of Juniper Networks by 11.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 31,488 shares of the network equipment provider’s stock worth $1,167,000 after purchasing an additional 3,214 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Juniper Networks by 12.3% in the 1st 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 period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays lowered their price target 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. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. StockNews.com began coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Finally, Citigroup reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Down 0.4 %

Juniper Networks stock opened at $39.01 on Thursday. The stock has a market cap of $12.92 billion, a P/E ratio of 51.33, a PEG ratio of 12.23 and a beta of 0.93. Juniper Networks, Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $39.79. The firm’s fifty day moving average price is $38.88 and its 200-day moving average price is $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 declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. Juniper Networks’s payout ratio is currently 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.