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

Shares of Juniper Networks, Inc. (NYSE:JNPR) have received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $39.50.

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

Juniper Networks Trading Down 4.9 %

NYSE:JNPR opened at $36.51 on Wednesday. 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 has a 12 month low of $25.83 and a 12 month high of $39.79. The company has a market cap of $12.09 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 11.52 and a beta of 0.93. The company has a 50 day simple moving average of $38.83 and a two-hundred day simple moving average of $37.42.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given 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 payout ratio is 115.79%.

Institutional Investors Weigh In On Juniper Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of JNPR. Geode Capital Management LLC raised its holdings in shares of Juniper Networks by 4.6% in the third 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 during the last quarter. M&T Bank Corp raised its holdings in shares of Juniper Networks by 7.2% in the third quarter. M&T Bank Corp now owns 21,015 shares of the network equipment provider’s stock worth $819,000 after buying an additional 1,416 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Juniper Networks by 11.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 98,992 shares of the network equipment provider’s stock worth $3,859,000 after buying an additional 10,008 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Juniper Networks by 9.1% in the third quarter. MML Investors Services LLC now owns 11,066 shares of the network equipment provider’s stock worth $431,000 after buying an additional 921 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of Juniper Networks in the third quarter worth $210,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.

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.