Wellington Management Group LLP Acquires 1,283 Shares of Juniper Networks, Inc. (NYSE:JNPR)

Wellington Management Group LLP lifted its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,820 shares of the network equipment provider’s stock after purchasing an additional 1,283 shares during the quarter. Wellington Management Group LLP’s holdings in Juniper Networks were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sather Financial Group Inc raised its stake in Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Juniper Networks by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after buying an additional 21,651 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Juniper Networks by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after buying an additional 33,016 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Juniper Networks by 1,885.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after acquiring an additional 472,370 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Juniper Networks during the 3rd quarter worth approximately $1,182,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $37.00 on Friday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 11.80 and a beta of 0.89. 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 business’s 50-day moving average price is $37.70 and its 200-day moving average price is $37.67. Juniper Networks, Inc. has a 12 month low of $28.94 and a 12 month high of $39.79.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is 115.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on JNPR. Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Barclays lowered their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Rosenblatt Securities restated a “neutral” rating and issued 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 issued a buy rating to the company. According to data from MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $39.50.

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.