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

Rosenblatt Securities reaffirmed their neutral rating on shares of Juniper Networks (NYSE:JNPR) in a research note published on Friday, Benzinga reports. The brokerage currently has a $40.00 price target on the network equipment provider’s stock.

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

Juniper Networks Trading Down 0.1 %

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 stock’s 50 day moving average price is $38.87 and its two-hundred day moving average price is $37.19. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 51.29, a PEG ratio of 12.21 and a beta of 0.93.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.22 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.26%. Juniper Networks’s dividend payout ratio is currently 115.79%.

Institutional Trading of Juniper Networks

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Juniper Networks by 14,314.7% in the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after buying an additional 4,798,583 shares during the period. Magnetar Financial LLC bought a new position in shares of Juniper Networks in the first quarter worth $86,494,000. Canada Pension Plan Investment Board raised its stake in Juniper Networks by 859.1% in the first quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock valued at $31,016,000 after purchasing an additional 749,641 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Juniper Networks during the first quarter worth about $23,379,000. Finally, Natixis increased its holdings in Juniper Networks by 1,524.4% in the 1st quarter. Natixis now owns 470,137 shares of the network equipment provider’s stock valued at $17,423,000 after buying an additional 441,194 shares during the period. 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.