Juniper Networks (NYSE:JNPR) Given Neutral Rating at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Juniper Networks (NYSE:JNPRFree Report) in a report issued on Friday, Benzinga reports. The firm currently has a $40.00 price target on the network equipment provider’s stock.

A number of other research analysts have also weighed in on JNPR. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Citigroup reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. StockNews.com started coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Barclays dropped their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.50.

Get Our Latest Research Report on Juniper Networks

Juniper Networks Stock Up 0.3 %

Juniper Networks stock traded up $0.10 during mid-day trading on Friday, hitting $39.00. 5,172,364 shares of the company’s stock were exchanged, compared to its average volume of 3,576,440. Juniper Networks has a 1-year low of $25.83 and a 1-year high of $39.79. The stock has a 50 day moving average of $38.87 and a two-hundred day moving average of $37.18. The stock has a market cap of $12.84 billion, a P/E ratio of 54.17, a P/E/G ratio of 12.22 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Juniper Networks Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s payout ratio is 122.22%.

Institutional Trading of Juniper Networks

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake in shares of Juniper Networks by 2,069.4% in the second 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 last quarter. OFI Invest Asset Management acquired a new stake in shares of Juniper Networks in the second quarter valued at $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks in the second quarter valued at about $36,000. Fidelis Capital Partners LLC acquired a new position in Juniper Networks during the 1st quarter worth about $43,000. Finally, Quarry LP grew its holdings in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after acquiring an additional 644 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

About Juniper Networks

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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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