Empowered Funds LLC Trims Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Empowered Funds LLC decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 97.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,429 shares of the network equipment provider’s stock after selling 208,524 shares during the quarter. Empowered Funds LLC’s holdings in Juniper Networks were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oak Thistle LLC boosted its position in shares of Juniper Networks by 4.6% in the second quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after acquiring an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Juniper Networks by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Juniper Networks by 8.9% in the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Juniper Networks by 7.9% in the 2nd 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 last quarter. Finally, Keene & Associates Inc. grew its stake in shares of Juniper Networks by 3.8% during the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $36.03 on Wednesday. The company has a market cap of $11.93 billion, a P/E ratio of 47.39, a PEG ratio of 11.33 and a beta of 0.93. Juniper Networks, Inc. has a one year low of $27.10 and a one year high of $39.79. The business’s 50-day simple moving average is $38.48 and its 200 day simple moving average is $37.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given 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 2.44%. Juniper Networks’s payout ratio is currently 115.79%.

Analyst Ratings Changes

A number of research analysts recently weighed in on JNPR shares. Barclays reduced their target price on 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 reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. StockNews.com began coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Finally, 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. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Company 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.