Ontario Teachers Pension Plan Board Sells 79,266 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Ontario Teachers Pension Plan Board lowered its position in Juniper Networks, Inc. (NYSE:JNPR) by 66.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,403 shares of the network equipment provider’s stock after selling 79,266 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Juniper Networks were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of JNPR. Larson Financial Group LLC grew its holdings in shares of Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new position in Juniper Networks in the 2nd quarter worth about $31,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Juniper Networks during the second quarter worth approximately $36,000. Venturi Wealth Management LLC raised its stake in shares of Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares in 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 purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on JNPR. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Barclays dropped their target price 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 restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating on the stock. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.50.

Juniper Networks Stock Up 1.7 %

Juniper Networks stock opened at $35.66 on Thursday. Juniper Networks, Inc. has a 1-year low of $26.77 and a 1-year high of $39.79. The business has a fifty day moving average price of $38.65 and a 200-day moving average price of $37.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 11.52 and a beta of 0.93.

Juniper Networks Dividend Announcement

The firm 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 of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. Juniper Networks’s payout ratio is 115.79%.

About Juniper Networks

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.