Twin Securities Inc. Raises Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Twin Securities Inc. boosted its stake in Juniper Networks, Inc. (NYSE:JNPR) by 760.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 678,257 shares of the network equipment provider’s stock after buying an additional 599,420 shares during the period. Juniper Networks accounts for 29.8% of Twin Securities Inc.’s portfolio, making the stock its biggest holding. Twin Securities Inc. owned about 0.20% of Juniper Networks worth $26,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 745 shares during the period. OFI Invest Asset Management bought a new position in Juniper Networks during the 2nd quarter valued at $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Juniper Networks during the 2nd quarter valued at $36,000. Venturi Wealth Management LLC increased its position in shares of Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 shares during the period. Finally, Quarry LP raised its stake in shares of Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Wall Street Analysts Forecast Growth

JNPR has been the subject of several research reports. StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Barclays reduced their price objective on shares of 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $35.92 on Friday. The company has a 50-day moving average of $38.31 and a two-hundred day moving average of $37.45. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 11.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. Juniper Networks, Inc. has a one year low of $27.87 and a one year high of $39.79.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is 115.79%.

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.