Retirement Systems of Alabama cut its position in Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 95.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,748 shares of the network equipment provider's stock after selling 1,390,926 shares during the period. Retirement Systems of Alabama's holdings in Juniper Networks were worth $2,797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JNPR. Oddo BHF Asset Management Sas bought a new position in shares of Juniper Networks during the 3rd quarter valued at about $25,337,000. Franklin Resources Inc. raised its holdings in Juniper Networks by 20.2% during the 3rd quarter. Franklin Resources Inc. now owns 210,338 shares of the network equipment provider's stock worth $8,153,000 after buying an additional 35,337 shares during the period. Gould Capital LLC raised its holdings in Juniper Networks by 1.9% during the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider's stock worth $1,142,000 after buying an additional 534 shares during the period. Geode Capital Management LLC lifted its stake in Juniper Networks by 4.6% in the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock valued at $371,269,000 after buying an additional 417,050 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Juniper Networks by 7.2% in the third quarter. M&T Bank Corp now owns 21,015 shares of the network equipment provider's stock valued at $819,000 after buying an additional 1,416 shares during the period. 91.95% of the stock is owned by institutional investors.
NYSE:JNPR opened at $37.24 on Friday. Juniper Networks, Inc. has a 52-week low of $28.94 and a 52-week high of $39.79. The company has a market cap of $12.33 billion, a P/E ratio of 49.00, a P/E/G ratio of 11.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The stock's 50-day simple moving average is $37.70 and its 200 day simple moving average is $37.67.
The business also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, December 2nd. Juniper Networks's dividend payout ratio is currently 115.79%.
JNPR has been the topic of a number of research analyst reports. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Barclays dropped their price target 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. StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating for the company. Finally, Citigroup reissued a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.50.
Check Out Our Latest Stock Analysis on JNPR
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.
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