Juniper Networks, Inc. (NYSE:JNPR) Sees Significant Decline in Short Interest

Juniper Networks, Inc. (NYSE:JNPR) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 9,920,000 shares, a drop of 9.4% from the October 15th total of 10,950,000 shares. Based on an average daily trading volume, of 3,400,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.0% of the shares of the company are short sold.

Juniper Networks Trading Down 2.5 %

JNPR stock traded down $0.91 during trading on Monday, reaching $35.61. 13,354,016 shares of the stock were exchanged, compared to its average volume of 3,733,742. 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 has a 50 day moving average price of $38.77 and a 200-day moving average price of $37.42. Juniper Networks has a 1 year low of $26.66 and a 1 year high of $39.79. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 11.52 and a beta of 0.93.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JNPR. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com began coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Finally, Barclays dropped their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.50.

Institutional Investors Weigh In On Juniper Networks

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after purchasing an additional 574,418 shares in the last quarter. Geode Capital Management LLC grew its holdings in Juniper Networks by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock worth $371,269,000 after acquiring an additional 417,050 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Juniper Networks by 14,314.7% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in Juniper Networks by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock worth $115,125,000 after acquiring an additional 114,795 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after acquiring an additional 33,016 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

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.