Lifeworks Advisors LLC Has $2.65 Million Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Lifeworks Advisors LLC boosted its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,076 shares of the network equipment provider’s stock after purchasing an additional 4,486 shares during the period. Lifeworks Advisors LLC’s holdings in Juniper Networks were worth $2,654,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new stake in Juniper Networks during the first quarter valued at $4,945,000. Blair William & Co. IL acquired a new stake in Juniper Networks during the first quarter valued at $587,000. Zurich Insurance Group Ltd FI acquired a new stake in Juniper Networks during the first quarter valued at $1,364,000. M&G Plc acquired a new stake in Juniper Networks during the second quarter valued at $657,000. Finally, GSA Capital Partners LLP acquired a new stake in Juniper Networks during the third quarter valued at $2,731,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded up $0.15 during trading hours on Thursday, hitting $38.40. 419,716 shares of the company’s stock were exchanged, compared to its average volume of 3,613,834. Juniper Networks, Inc. has a 1-year low of $25.83 and a 1-year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 12.16 and a beta of 0.93. The company’s 50-day moving average price is $38.87 and its 200-day moving average price is $37.36.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given 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 2.29%. Juniper Networks’s dividend payout ratio is presently 115.79%.

Wall Street Analyst Weigh In

JNPR has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Finally, Barclays reduced 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. 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 presently has an average rating of “Hold” and a consensus target price of $39.50.

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.