Juniper Networks, Inc. (NYSE:JNPR) Short Interest Update

Juniper Networks, Inc. (NYSE:JNPR) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 9,920,000 shares, a decrease of 9.4% from the October 15th total of 10,950,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,400,000 shares, the days-to-cover ratio is currently 2.9 days.

Juniper Networks Trading Down 2.5 %

Juniper Networks stock traded down $0.91 during trading on Monday, hitting $35.61. The company had a trading volume of 13,354,016 shares, compared to its average volume of 3,733,742. The company’s 50 day simple moving average is $38.77 and its 200-day simple moving average is $37.42. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 11.52 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. Juniper Networks has a 1-year low of $26.66 and a 1-year high of $39.79.

Juniper Networks Dividend Announcement

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 paid 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 dividend yield of 2.47%. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Juniper Networks

Several large investors have recently modified their holdings of the business. State Street Corp raised its position in shares of Juniper Networks by 3.8% during the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after buying an additional 574,418 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Juniper Networks by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock worth $371,269,000 after purchasing an additional 417,050 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after purchasing an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Juniper Networks by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock worth $115,125,000 after buying an additional 114,795 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after purchasing an additional 33,016 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.