Chevy Chase Trust Holdings LLC Has $6.88 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

Chevy Chase Trust Holdings LLC lessened its stake in Juniper Networks, Inc. (NYSE:JNPR) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 176,491 shares of the network equipment provider’s stock after selling 952 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Juniper Networks were worth $6,880,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after acquiring an additional 4,798,583 shares during the last quarter. Twin Securities Inc. increased its position in Juniper Networks by 760.3% in the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after purchasing an additional 599,420 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Juniper Networks by 172,681.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock worth $21,552,000 after purchasing an additional 552,580 shares during the last quarter. Mizuho Securities USA LLC lifted its position in 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 valued at $19,390,000 after purchasing an additional 472,370 shares during the period. Finally, Alpine Associates Management Inc. boosted its stake in shares of Juniper Networks by 12.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider’s stock valued at $104,313,000 after purchasing an additional 301,900 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of Juniper Networks stock opened at $36.79 on Friday. The stock’s fifty day simple moving average is $38.06 and its 200 day simple moving average is $37.51. 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 company has a market capitalization of $12.18 billion, a PE ratio of 48.40, a PEG ratio of 11.19 and a beta of 0.89. Juniper Networks, Inc. has a 12 month low of $28.61 and a 12 month high of $39.79.

Juniper Networks Announces Dividend

The firm also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

Analysts Set New Price Targets

JNPR has been the subject of a number of recent research reports. Barclays dropped their price target on shares of 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. StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.