Juniper Networks, Inc. (NYSE:JNPR) Receives $39.50 Average Price Target from Brokerages

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.50.

JNPR has been the subject of several analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Barclays reduced their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating for the company. Finally, Citigroup reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake in 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 worth $614,280,000 after acquiring an additional 574,418 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Juniper Networks by 4.6% during the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock valued at $371,269,000 after purchasing an additional 417,050 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Juniper Networks by 14,314.7% during the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after purchasing an additional 4,798,583 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Juniper Networks by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock worth $115,125,000 after purchasing an additional 114,795 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Juniper Networks by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after buying 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 Stock Performance

Shares of JNPR stock opened at $35.10 on Wednesday. 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 has a fifty-two week low of $26.66 and a fifty-two week high of $39.79. The company has a market capitalization of $11.62 billion, a P/E ratio of 46.18, a PEG ratio of 11.52 and a beta of 0.93. The stock has a 50 day moving average price of $38.71 and a two-hundred day moving average price of $37.42.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is currently 115.79%.

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.