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

Juniper Networks, Inc. (NYSE:JNPR) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $39.50.

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

Hedge Funds Weigh In On Juniper Networks

Several large investors have recently bought and sold shares of JNPR. Pacer Advisors Inc. increased its stake in Juniper Networks by 14,314.7% in 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. Oddo BHF Asset Management Sas acquired a new position in shares of Juniper Networks in the 3rd quarter valued at $25,337,000. Twin Securities Inc. grew its position in shares of Juniper Networks by 760.3% in the 3rd quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock valued at $26,438,000 after buying an additional 599,420 shares during the last quarter. State Street Corp raised its stake in Juniper Networks by 3.8% during the 3rd 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. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Juniper Networks by 172,681.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock valued at $21,552,000 after acquiring an additional 552,580 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Trading Up 0.4 %

JNPR opened at $37.95 on Thursday. Juniper Networks has a 52 week low of $29.72 and a 52 week high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $37.36 and a 200-day simple moving average of $37.84. The firm has a market cap of $12.56 billion, a P/E ratio of 49.93, a P/E/G ratio of 11.75 and a beta of 0.88.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is presently 115.79%.

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.