Juniper Networks (NYSE:JNPR) Price Target Raised to $39.00

Juniper Networks (NYSE:JNPR) had its target price upped by Barclays from $37.00 to $39.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the network equipment provider’s stock.

A number of other brokerages also recently issued reports on JNPR. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Finally, StockNews.com raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.80.

Juniper Networks Stock Down 0.8 %

JNPR opened at $35.72 on Wednesday. The business has a 50 day moving average price of $37.29 and a two-hundred day moving average price of $37.99. 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 has a market cap of $11.82 billion, a PE ratio of 46.99, a P/E/G ratio of 7.70 and a beta of 0.87. Juniper Networks has a 52 week low of $33.72 and a 52 week high of $39.79.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 4.97% and a return on equity of 7.41%. As a group, research analysts anticipate that Juniper Networks will post 0.89 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, March 3rd. Juniper Networks’s payout ratio is currently 115.79%.

Hedge Funds Weigh In On Juniper Networks

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Juniper Networks by 7.9% during 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 buying an additional 422 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the last quarter. Gould Capital LLC grew its holdings in Juniper Networks by 1.9% during the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock valued at $1,142,000 after buying an additional 534 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Juniper Networks by 12.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock valued at $184,000 after buying an additional 549 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in Juniper Networks by 1.2% during 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 last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Company Profile

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.