PNC Financial Services Group Inc. Buys 3,141 Shares of Juniper Networks, Inc. (NYSE:JNPR)

PNC Financial Services Group Inc. lifted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,857 shares of the network equipment provider’s stock after buying an additional 3,141 shares during the period. PNC Financial Services Group Inc.’s holdings in Juniper Networks were worth $1,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its position in 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. grew 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 worth $125,000 after acquiring an additional 911 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Juniper Networks by 4.8% in the first quarter. California State Teachers Retirement System now owns 512,228 shares of the network equipment provider’s stock valued at $18,983,000 after acquiring an additional 23,378 shares during the period. Tidal Investments LLC raised its stake in shares of Juniper Networks by 31.3% during the first quarter. Tidal Investments LLC now owns 52,338 shares of the network equipment provider’s stock valued at $1,940,000 after acquiring an additional 12,489 shares during the last quarter. Finally, Wahed Invest LLC boosted its holdings in shares of Juniper Networks by 14.3% during the first quarter. Wahed Invest LLC now owns 6,203 shares of the network equipment provider’s stock worth $230,000 after purchasing an additional 776 shares during the period. Institutional investors own 91.95% of the company’s stock.

Analyst Ratings Changes

JNPR has been the subject of a number of recent analyst reports. Barclays lowered their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Citigroup reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $36.03 on Wednesday. Juniper Networks, Inc. has a 52 week low of $27.10 and a 52 week high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.93 billion, a P/E ratio of 47.41, a P/E/G ratio of 11.33 and a beta of 0.93. The business’s 50 day moving average price is $38.48 and its 200-day moving average price is $37.46.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Juniper Networks’s payout ratio is presently 115.79%.

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.