Juniper Networks (NYSE:JNPR) Hits New 12-Month Low – What’s Next?

Shares of Juniper Networks, Inc. (NYSE:JNPR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.72 and last traded at $34.08, with a volume of 8608217 shares changing hands. The stock had previously closed at $35.15.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JNPR shares. Barclays dropped their price target on shares of 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. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Price Performance

The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 7.76 and a beta of 0.88. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $37.34 and its two-hundred day moving average is $38.04.

Institutional Investors Weigh In On Juniper Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Juniper Networks by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after acquiring an additional 422 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Juniper Networks by 60.3% in the third 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 during the period. Gould Capital LLC raised its holdings in Juniper Networks by 1.9% in the third quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock worth $1,142,000 after purchasing an additional 534 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Juniper Networks by 12.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after purchasing an additional 549 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in shares of Juniper Networks by 1.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock valued at $1,857,000 after buying an additional 580 shares during the period. 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.