UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 25.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,629,269 shares of the network equipment provider’s stock after selling 1,248,735 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Juniper Networks were worth $141,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JNPR. Sather Financial Group Inc grew its holdings in Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares during the period. Principal Financial Group Inc. grew its stake in shares of Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after buying an additional 21,651 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after buying an additional 33,016 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Juniper Networks by 1,885.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after buying an additional 472,370 shares during the period. Finally, Alpine Associates Management Inc. boosted its holdings in Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after acquiring an additional 301,900 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on JNPR. Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays dropped 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 report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. 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, the stock has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Price Performance

JNPR stock opened at $35.92 on Monday. The stock’s 50 day moving average is $38.25 and its two-hundred day moving average is $37.48. Juniper Networks, Inc. has a 52-week low of $27.87 and a 52-week high of $39.79. The company has a market capitalization of $11.89 billion, a PE ratio of 47.26, a P/E/G ratio of 11.34 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 2.45%. Juniper Networks’s dividend payout ratio (DPR) is 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.