Rosenblatt Securities restated their neutral rating on shares of Juniper Networks (NYSE:JNPR – Free 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.
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Juniper Networks Stock Up 0.3 %
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
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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