Juniper Networks (NYSE:JNPR) PT Raised to $41.00

Juniper Networks (NYSE:JNPR) had its price objective raised by equities research analysts at Barclays from $40.00 to $41.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the network equipment provider’s stock. Barclays‘s price target indicates a potential upside of 18.12% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. StockNews.com initiated coverage on Juniper Networks in a research report on Thursday. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday. Rosenblatt Securities boosted their target price on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.55.

Juniper Networks Stock Down 0.7 %

Shares of NYSE JNPR opened at $34.71 on Friday. The stock has a market capitalization of $11.28 billion, a P/E ratio of 50.31, a PEG ratio of 7.24 and a beta of 0.98. The stock’s fifty day moving average is $36.79 and its 200 day moving average is $32.83. Juniper Networks has a 52 week low of $24.87 and a 52 week high of $38.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.07%. Sell-side analysts forecast that Juniper Networks will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Juniper Networks

In related news, CEO Rami Rahim sold 5,556 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $36.91, for a total value of $205,071.96. Following the sale, the chief executive officer now owns 840,518 shares of the company’s stock, valued at $31,023,519.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now owns 73,684 shares of the company’s stock, valued at approximately $2,726,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,556 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $36.91, for a total transaction of $205,071.96. Following the completion of the transaction, the chief executive officer now owns 840,518 shares in the company, valued at approximately $31,023,519.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,302 shares of company stock worth $8,005,602. 1.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Juniper Networks

Large investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in Juniper Networks by 4.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock valued at $1,286,000 after acquiring an additional 2,134 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Juniper Networks by 2,096.4% during the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after purchasing an additional 431,855 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Juniper Networks by 71.8% during the third quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider’s stock worth $9,030,000 after purchasing an additional 135,823 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Juniper Networks by 112.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock worth $5,031,000 after purchasing an additional 95,672 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Juniper Networks by 37.2% in the third quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider’s stock valued at $46,066,000 after buying an additional 449,575 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.