Brokerages Set Juniper Networks, Inc. (NYSE:JNPR) PT at $39.50

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

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

Hedge Funds Weigh In On Juniper Networks

Several institutional investors and hedge funds have recently made changes to their positions in JNPR. Larson Financial Group LLC lifted 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 period. OFI Invest Asset Management acquired a new stake in Juniper Networks during the second quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in Juniper Networks during the second quarter worth about $36,000. Venturi Wealth Management LLC increased its holdings in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the period. Finally, Quarry LP raised its position 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 valued at $56,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 5.0 %

Shares of NYSE JNPR opened at $36.50 on Wednesday. Juniper Networks has a 1-year low of $25.83 and a 1-year high of $39.79. The company has a 50-day moving average of $38.83 and a two-hundred day moving average of $37.38. The company has a market cap of $12.08 billion, a PE ratio of 48.03, a P/E/G ratio of 12.07 and a beta of 0.93. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 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.