Juniper Networks’ (JNPR) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of Juniper Networks (NYSE:JNPR) in a report released on Friday morning, Benzinga reports. Rosenblatt Securities currently has a $40.00 target price on the network equipment provider’s stock.

JNPR has been the subject of a number of other reports. StockNews.com initiated coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Barclays lowered their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Trading Up 0.3 %

Shares of NYSE:JNPR opened at $39.00 on Friday. The stock has a 50 day moving average of $38.87 and a 200 day moving average of $37.19. The company has a market cap of $12.84 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 12.21 and a beta of 0.93. Juniper Networks has a 12-month low of $25.83 and a 12-month high of $39.79. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Hedge Funds Weigh In On Juniper Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Juniper Networks during the second quarter valued at $31,000. Longfellow Investment Management Co. LLC bought a new position in Juniper Networks during the second quarter valued at $36,000. Fidelis Capital Partners LLC purchased a new position in shares of Juniper Networks in the 1st quarter worth $43,000. Finally, Quarry LP grew its stake in shares of Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares in the last quarter. 91.95% of the stock is owned by 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.