Juniper Networks, Inc. (NYSE:JNPR) Given Average Recommendation of “Hold” by Brokerages

Shares of Juniper Networks, Inc. (NYSE:JNPR) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of analysts have recently weighed in on JNPR shares. Citigroup reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Barclays lowered their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, StockNews.com began coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock.

Juniper Networks Stock Down 0.7 %

Shares of NYSE JNPR opened at $36.52 on Friday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 48.05, a PEG ratio of 11.44 and a beta of 0.89. The stock’s fifty day moving average is $37.98 and its 200 day moving average is $37.53. Juniper Networks has a 52 week low of $28.61 and a 52 week high of $39.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Institutional Trading of Juniper Networks

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Juniper Networks by 3.8% during 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 lifted its position in shares of 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 buying an additional 417,050 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after buying an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Juniper Networks by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after acquiring an additional 114,795 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after acquiring an additional 33,016 shares during 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.