Juniper Networks (NYSE:JNPR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Juniper Networks (NYSE:JNPR) in a research note published on Monday morning. The brokerage issued a hold rating on the network equipment provider’s stock.

A number of other analysts have also issued reports on JNPR. Needham & Company LLC restated a hold rating on shares of Juniper Networks in a research note on Friday, April 26th. Argus raised shares of Juniper Networks from a hold rating to a buy rating and set a $40.00 price target on the stock in a research report on Tuesday, June 18th. Finally, Barclays lifted their price target on Juniper Networks from $40.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Juniper Networks has a consensus rating of Hold and a consensus price target of $35.36.

Juniper Networks Trading Up 2.0 %

NYSE:JNPR opened at $37.52 on Monday. Juniper Networks has a 12 month low of $24.87 and a 12 month high of $38.04. The business’s 50-day moving average is $35.93 and its two-hundred day moving average is $36.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The firm has a market capitalization of $12.19 billion, a PE ratio of 54.38, a price-to-earnings-growth ratio of 9.69 and a beta of 0.95.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts predict that Juniper Networks will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $34.83, for a total value of $193,480.65. Following the sale, the chief executive officer now directly owns 997,874 shares in the company, valued at $34,755,951.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $34.83, for a total value of $193,480.65. Following the transaction, the chief executive officer now owns 997,874 shares of the company’s stock, valued at $34,755,951.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth Bradley Miller sold 28,669 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $36.53, for a total value of $1,047,278.57. Following the sale, the chief financial officer now directly owns 56,107 shares of the company’s stock, valued at $2,049,588.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,889 shares of company stock valued at $5,243,973. 1.28% of the stock is owned by corporate insiders.

Institutional Trading of Juniper Networks

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Juniper Networks by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after purchasing an additional 54,735 shares in the last quarter. Eisler Capital UK Ltd. acquired a new position in shares of Juniper Networks in the fourth quarter worth $816,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Juniper Networks by 2,772.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 457,074 shares of the network equipment provider’s stock worth $16,939,000 after acquiring an additional 441,161 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Juniper Networks by 20.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock worth $5,254,000 after acquiring an additional 29,905 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Juniper Networks by 43.9% during the fourth quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock valued at $15,357,000 after purchasing an additional 158,913 shares during the last quarter. 91.95% of the stock is 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.