Zurcher Kantonalbank Zurich Cantonalbank Cuts Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,949 shares of the network equipment provider’s stock after selling 55,109 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.13% of Juniper Networks worth $16,292,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC lifted its position in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 745 shares during the period. OFI Invest Asset Management purchased a new stake in Juniper Networks during the 2nd quarter valued at $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks during the 2nd quarter valued at $36,000. Venturi Wealth Management LLC boosted its stake in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after buying an additional 447 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after acquiring an additional 644 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Barclays lowered 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 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 target price on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of NYSE JNPR opened at $35.92 on Friday. The firm’s fifty day moving average is $38.25 and its two-hundred day moving average is $37.46. Juniper Networks, Inc. has a 52-week low of $27.87 and a 52-week high of $39.79. The company has a market cap of $11.89 billion, a P/E ratio of 47.26, a P/E/G ratio of 11.38 and a beta of 0.93. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.22 dividend. 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 2.45%. Juniper Networks’s dividend payout ratio is currently 115.79%.

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.