Barclays Lowers Juniper Networks (NYSE:JNPR) Price Target to $37.00

Juniper Networks (NYSE:JNPR) had its price target dropped by stock analysts at Barclays from $40.00 to $37.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the network equipment provider’s stock. Barclays‘s price target would indicate a potential downside of 5.13% from the company’s previous close.

JNPR has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.50.

Juniper Networks Price Performance

Juniper Networks stock opened at $39.00 on Friday. The stock has a 50-day moving average price of $38.87 and a two-hundred day moving average price of $37.18. Juniper Networks has a 12 month low of $25.83 and a 12 month high of $39.79. The company has a market capitalization of $12.84 billion, a PE ratio of 51.32, a P/E/G ratio of 12.21 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Juniper Networks

Several institutional investors have recently added to or reduced their stakes in the business. Olympiad Research LP grew its position in shares of Juniper Networks by 94.8% during the 3rd quarter. Olympiad Research LP now owns 51,840 shares of the network equipment provider’s stock worth $2,021,000 after buying an additional 25,223 shares during the period. Principal Financial Group Inc. boosted its stake in Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock worth $17,406,000 after acquiring an additional 21,651 shares in the last quarter. Foster & Motley Inc. grew its holdings in Juniper Networks by 49.3% in the third quarter. Foster & Motley Inc. now owns 30,660 shares of the network equipment provider’s stock worth $1,195,000 after purchasing an additional 10,126 shares during the period. Sentry Investment Management LLC bought a new stake in Juniper Networks in the third quarter valued at $61,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Juniper Networks by 1.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 118,036 shares of the network equipment provider’s stock valued at $4,601,000 after purchasing an additional 2,193 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

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.