Analysts Set Juniper Networks, Inc. (NYSE:JNPR) Target Price at $39.50

Juniper Networks, Inc. (NYSE:JNPR) has received a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $39.50.

Several research firms have issued reports on JNPR. Barclays lowered 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 note on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Citigroup reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently modified their holdings of JNPR. Oak Thistle LLC raised its stake in Juniper Networks by 4.6% during the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock valued at $292,000 after purchasing an additional 353 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Juniper Networks by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after buying an additional 400 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Juniper Networks by 7.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after acquiring an additional 422 shares during the last quarter. Keene & Associates Inc. grew its stake in Juniper Networks by 3.8% during the second quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after acquiring an additional 425 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in 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 valued at $46,000 after acquiring an additional 447 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Stock Down 0.1 %

JNPR stock opened at $37.93 on Thursday. The stock has a market capitalization of $12.56 billion, a P/E ratio of 49.91, a P/E/G ratio of 11.75 and a beta of 0.88. 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 has a 1-year low of $29.87 and a 1-year high of $39.79. The business has a fifty day moving average price of $37.33 and a 200-day moving average price of $37.88.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is currently 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.