Metis Global Partners LLC Acquires 3,335 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Metis Global Partners LLC boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,860 shares of the network equipment provider’s stock after buying an additional 3,335 shares during the period. Metis Global Partners LLC’s holdings in Juniper Networks were worth $1,944,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JNPR. Pacer Advisors Inc. raised its holdings in Juniper Networks by 14,314.7% during the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after purchasing an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Juniper Networks by 3.8% during the second 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 purchasing an additional 114,795 shares during the period. Alpine Associates Management Inc. grew its position in shares of Juniper Networks by 9.1% in the second quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock valued at $86,562,000 after purchasing an additional 197,400 shares in the last quarter. Magnetar Financial LLC bought a new stake in Juniper Networks during the 1st quarter worth approximately $86,494,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Juniper Networks by 14.4% in the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock worth $69,716,000 after purchasing an additional 240,385 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Barclays reduced 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Citigroup reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Eight equities research 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 stock presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Stock Down 5.0 %

Shares of JNPR stock opened at $36.50 on Friday. The stock has a market cap of $12.08 billion, a P/E ratio of 48.03, a PEG ratio of 12.07 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 company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $38.83 and its two-hundred day simple moving average is $37.38.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.41%. Juniper Networks’s payout ratio 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.