Charles Schwab Investment Management Inc. lifted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,957,317 shares of the network equipment provider's stock after acquiring an additional 33,016 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of Juniper Networks worth $115,276,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Juniper Networks by 15.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,246 shares of the network equipment provider's stock valued at $454,000 after purchasing an additional 1,600 shares during the last quarter. Bessemer Group Inc. raised its holdings in Juniper Networks by 37.1% in the 1st quarter. Bessemer Group Inc. now owns 3,369 shares of the network equipment provider's stock valued at $125,000 after acquiring an additional 911 shares during the period. American International Group Inc. lifted its position in Juniper Networks by 0.7% during the first quarter. American International Group Inc. now owns 84,154 shares of the network equipment provider's stock worth $3,119,000 after acquiring an additional 544 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Juniper Networks by 4.8% during the first quarter. California State Teachers Retirement System now owns 512,228 shares of the network equipment provider's stock worth $18,983,000 after acquiring an additional 23,378 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Juniper Networks by 31.3% in the first quarter. Tidal Investments LLC now owns 52,338 shares of the network equipment provider's stock valued at $1,940,000 after purchasing an additional 12,489 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.
Shares of Juniper Networks stock opened at $36.17 on Tuesday. The firm's 50-day moving average price is $38.48 and its two-hundred day moving average price is $37.46. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 11.33 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, Inc. has a 12-month low of $27.10 and a 12-month high of $39.79.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. Juniper Networks's dividend payout ratio (DPR) is 115.79%.
JNPR has been the subject of several research reports. StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They set a "hold" rating for the company. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Citigroup reaffirmed a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Barclays cut their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Eight equities research 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, Juniper Networks presently has a consensus rating of "Hold" and an average price target of $39.50.
View Our Latest Analysis on 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.
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