Juniper Networks (NYSE:JNPR) Receives Neutral Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Juniper Networks (NYSE:JNPR) in a report published on Friday, Benzinga reports. They currently have a $40.00 price objective on the network equipment provider’s stock.

Other analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. StockNews.com assumed coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating for the company. Finally, Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Down 0.1 %

Shares of NYSE JNPR opened at $38.98 on Friday. Juniper Networks has a 52-week low of $25.83 and a 52-week high of $39.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.69. The business has a fifty day moving average of $38.87 and a two-hundred day moving average of $37.19. The stock has a market cap of $12.83 billion, a PE ratio of 51.29, a PEG ratio of 12.21 and a beta of 0.93.

Juniper Networks Dividend Announcement

The company 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 yield of 2.26%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s dividend payout ratio is 115.79%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 745 shares during the period. OFI Invest Asset Management bought a new stake in shares of Juniper Networks in the 2nd quarter valued at about $31,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $36,000. Fidelis Capital Partners LLC bought a new position in Juniper Networks during the 1st quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC grew its holdings in Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 447 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.