Juniper Networks (NYSE:JNPR) Upgraded at StockNews.com

Juniper Networks (NYSE:JNPR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities analysts also recently issued reports on JNPR. Barclays dropped their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Stock Down 2.2 %

Shares of NYSE JNPR opened at $34.37 on Friday. The stock has a 50 day moving average price of $37.36 and a 200 day moving average price of $38.06. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 8.57 and a beta of 0.88. Juniper Networks has a 52-week low of $33.72 and a 52-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.

Hedge Funds Weigh In On Juniper Networks

Hedge funds have recently made changes to their positions in the company. Oddo BHF Asset Management Sas purchased a new position in Juniper Networks in the 3rd quarter worth approximately $25,337,000. Twin Securities Inc. grew its stake in shares of Juniper Networks by 760.3% in the 3rd quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock valued at $26,438,000 after buying an additional 599,420 shares during the period. State Street Corp increased its holdings in shares of Juniper Networks by 3.8% during the 3rd quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock worth $614,280,000 after buying an additional 574,418 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Juniper Networks by 172,681.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock valued at $21,552,000 after buying an additional 552,580 shares during the period. Finally, Mizuho Securities USA LLC lifted its holdings in Juniper Networks by 1,885.0% in the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock valued at $19,390,000 after acquiring an additional 472,370 shares during the last quarter. 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.