Juniper Networks, Inc. (NYSE:JNPR) Receives Consensus Recommendation of “Hold” from Brokerages

Juniper Networks, Inc. (NYSE:JNPR) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.50.

Several equities analysts have commented on JNPR shares. StockNews.com assumed coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, Barclays lowered their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $37.31 on Friday. The business’s 50 day moving average price is $37.84 and its 200-day moving average price is $37.59. Juniper Networks has a 1 year low of $28.81 and a 1 year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The firm has a market capitalization of $12.35 billion, a PE ratio of 49.09, a P/E/G ratio of 11.53 and a beta of 0.89.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Institutional Trading of Juniper Networks

Several hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 745 shares during the period. OFI Invest Asset Management acquired a new position in shares of Juniper Networks in the 2nd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Juniper Networks in the 2nd quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in shares of 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 worth $46,000 after purchasing an additional 447 shares in the last quarter. Finally, Quarry LP lifted its stake in Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares during the last quarter. Institutional investors 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.