Barclays Raises Juniper Networks (NYSE:JNPR) Price Target to $39.00

Juniper Networks (NYSE:JNPR) had its price target hoisted by equities research analysts at Barclays from $37.00 to $39.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the network equipment provider’s stock. Barclays‘s price target points to a potential upside of 8.38% from the company’s previous close.

A number of other research analysts also recently weighed in on JNPR. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Tuesday. StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.80.

Juniper Networks Stock Performance

Shares of JNPR opened at $35.99 on Wednesday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 7.70 and a beta of 0.87. Juniper Networks has a 12 month low of $33.72 and a 12 month high of $39.79. The firm has a fifty day simple moving average of $37.30 and a 200 day simple moving average of $38.00. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 4.97% and a return on equity of 7.41%. Research analysts forecast that Juniper Networks will post 0.89 EPS for the current fiscal year.

Institutional Trading of Juniper Networks

Hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in Juniper Networks by 12.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,759 shares of the network equipment provider’s stock worth $538,000 after purchasing an additional 1,633 shares during the last quarter. Creative Planning lifted its holdings in Juniper Networks by 13.8% during the 2nd quarter. Creative Planning now owns 18,789 shares of the network equipment provider’s stock worth $685,000 after purchasing an additional 2,276 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Juniper Networks by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after purchasing an additional 422 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Juniper Networks by 95.7% during the 2nd quarter. Cetera Investment Advisers now owns 50,131 shares of the network equipment provider’s stock worth $1,828,000 after purchasing an additional 24,510 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Juniper Networks by 21.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 78,700 shares of the network equipment provider’s stock worth $3,068,000 after purchasing an additional 14,100 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

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.