Juniper Networks (NYSE:JNPR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of Juniper Networks (NYSE:JNPRGet Free Report) in a report released on Monday. The brokerage set a “hold” rating on the network equipment provider’s stock.

JNPR has been the topic of a number of other research reports. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, January 10th. UBS Group decreased their price target on shares of Juniper Networks from $34.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Juniper Networks has an average rating of “Hold” and a consensus target price of $34.58.

Check Out Our Latest Stock Report on Juniper Networks

Juniper Networks Stock Up 0.1 %

Shares of NYSE:JNPR opened at $36.99 on Monday. The firm has a market cap of $11.80 billion, a P/E ratio of 38.94, a P/E/G ratio of 2.45 and a beta of 0.99. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. Juniper Networks has a 12-month low of $24.87 and a 12-month high of $38.04. The business has a fifty day simple moving average of $32.62 and a 200 day simple moving average of $29.32.

Juniper Networks (NYSE:JNPRGet Free Report) last issued its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts predict that Juniper Networks will post 1.52 earnings per share for the current year.

Insider Activity

In related news, Director Anne Delsanto sold 900 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.37, for a total value of $25,533.00. Following the completion of the transaction, the director now owns 25,643 shares of the company’s stock, valued at approximately $727,491.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.37, for a total value of $25,533.00. Following the sale, the director now owns 25,643 shares in the company, valued at approximately $727,491.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Mobassaly sold 5,496 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $36.35, for a total transaction of $199,779.60. Following the completion of the sale, the senior vice president now owns 30,888 shares in the company, valued at approximately $1,122,778.80. The disclosure for this sale can be found here. Insiders sold a total of 43,620 shares of company stock valued at $1,290,776 in the last 90 days. Company insiders own 1.29% of the company’s stock.

Hedge Funds Weigh In On Juniper Networks

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Juniper Networks by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock worth $83,172,000 after buying an additional 54,735 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Juniper Networks by 4.8% in the fourth quarter. Metis Global Partners LLC now owns 34,947 shares of the network equipment provider’s stock valued at $1,030,000 after purchasing an additional 1,602 shares during the period. LSV Asset Management grew its position in shares of Juniper Networks by 128.3% in the fourth quarter. LSV Asset Management now owns 674,400 shares of the network equipment provider’s stock valued at $19,881,000 after purchasing an additional 379,000 shares during the period. M&T Bank Corp grew its position in shares of Juniper Networks by 5.3% in the fourth quarter. M&T Bank Corp now owns 18,100 shares of the network equipment provider’s stock valued at $533,000 after purchasing an additional 907 shares during the period. Finally, Natixis Advisors L.P. grew its position in shares of Juniper Networks by 8.3% in the fourth quarter. Natixis Advisors L.P. now owns 278,696 shares of the network equipment provider’s stock valued at $8,215,000 after purchasing an additional 21,253 shares during the period. 87.79% of the stock is currently owned by institutional investors.

About Juniper Networks

(Get Free Report)

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.

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