Creative Planning Buys 2,140 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Creative Planning raised its stake in Juniper Networks, Inc. (NYSE:JNPR) by 11.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,929 shares of the network equipment provider’s stock after purchasing an additional 2,140 shares during the quarter. Creative Planning’s holdings in Juniper Networks were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNPR. Pacer Advisors Inc. grew its stake in Juniper Networks by 14,314.7% in the second 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 period. Bank of New York Mellon Corp grew its stake in Juniper Networks by 3.8% in 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 stake in 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 worth $86,562,000 after purchasing an additional 197,400 shares during the period. Magnetar Financial LLC purchased a new stake in Juniper Networks in the first quarter worth $86,494,000. Finally, Hsbc Holdings PLC grew its stake in 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. Institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JNPR. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays cut their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday. Citigroup reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday. Finally, StockNews.com began coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Trading Up 0.3 %

Shares of NYSE:JNPR opened at $39.00 on Friday. The business’s 50-day moving average is $38.87 and its 200 day moving average is $37.18. Juniper Networks, Inc. has a 1 year low of $25.83 and a 1 year high of $39.79. The firm has a market capitalization of $12.84 billion, a P/E ratio of 51.32, a P/E/G ratio of 12.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. 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 2.26%. 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.