Juniper Networks, Inc. (NYSE:JNPR) Receives $39.50 Consensus Target Price from Analysts

Juniper Networks, Inc. (NYSE:JNPR) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.50.

JNPR has been the subject of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Barclays cut their target price on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Finally, Citigroup reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd.

Juniper Networks Price Performance

Shares of JNPR opened at $36.51 on Wednesday. The business’s 50-day moving average is $38.83 and its two-hundred day moving average is $37.42. The company has a market capitalization of $12.09 billion, a P/E ratio of 48.04, a P/E/G ratio of 11.52 and a beta of 0.93. Juniper Networks has a fifty-two week low of $25.83 and a fifty-two week high of $39.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 115.79%.

Hedge Funds Weigh In On Juniper Networks

A number of large investors have recently added to or reduced their stakes in JNPR. State Street Corp raised its position in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after buying an additional 574,418 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Juniper Networks by 4.6% in the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider’s stock valued at $371,269,000 after buying an additional 417,050 shares during the last quarter. Pacer Advisors Inc. raised its position 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 last quarter. Bank of New York Mellon Corp raised its position in shares of Juniper Networks by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after buying an additional 114,795 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock valued at $115,276,000 after buying an additional 33,016 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.