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

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.25.

A number of brokerages have recently commented on JNPR. Barclays cut their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st.

Hedge Funds Weigh In On Juniper Networks

Several hedge funds and other institutional investors have recently bought and sold shares of JNPR. Oddo BHF Asset Management Sas purchased a new position in shares of Juniper Networks during the third quarter valued at approximately $25,337,000. Twin Securities Inc. grew its stake 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 worth $26,438,000 after acquiring an additional 599,420 shares in the last quarter. State Street Corp raised its holdings in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after purchasing an additional 574,418 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Juniper Networks by 172,681.3% during 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 purchasing an additional 552,580 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after purchasing an additional 472,370 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Up 0.1 %

NYSE JNPR opened at $39.03 on Monday. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 51.35, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88. Juniper Networks has a twelve month low of $34.30 and a twelve month 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’s fifty day moving average is $37.31 and its 200 day moving average is $38.10.

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. The ex-dividend date was Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.25%. Juniper Networks’s payout ratio is 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.