Kentucky Retirement Systems Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Kentucky Retirement Systems cut its stake in Juniper Networks, Inc. (NYSE:JNPR) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,931 shares of the network equipment provider’s stock after selling 1,559 shares during the period. Kentucky Retirement Systems’ holdings in Juniper Networks were worth $894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oak Thistle LLC lifted its position in Juniper Networks by 4.6% in the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock valued at $292,000 after acquiring an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Juniper Networks by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock valued at $1,019,000 after acquiring an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Juniper Networks by 8.9% in the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock valued at $179,000 after purchasing an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after purchasing an additional 422 shares during the period. Finally, Keene & Associates Inc. increased its stake in Juniper Networks by 3.8% in the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after purchasing an additional 425 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Trading Down 1.4 %

Shares of JNPR opened at $35.10 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $38.71 and its two-hundred day moving average is $37.42. Juniper Networks, Inc. has a twelve month low of $26.66 and a twelve month high of $39.79. The firm has a market capitalization of $11.62 billion, a P/E ratio of 46.18, a PEG ratio of 11.52 and a beta of 0.93.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.51%. Juniper Networks’s payout ratio is currently 115.79%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays dropped their price objective on shares of 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 assumed coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Citigroup restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $39.50.

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.