Juniper Networks, Inc. (NYSE:JNPR) Receives Average Rating of “Hold” from Analysts

Juniper Networks, Inc. (NYSE:JNPR) has been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.25.

JNPR has been the topic of several analyst reports. Barclays lowered their price target on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Finally, StockNews.com raised Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday.

Juniper Networks Stock Performance

Shares of JNPR opened at $34.94 on Monday. The company has a market capitalization of $11.57 billion, a PE ratio of 45.97, a PEG ratio of 7.76 and a beta of 0.88. 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 has a 52 week low of $33.72 and a 52 week high of $39.79. The company’s 50 day moving average price is $37.34 and its 200 day moving average price is $38.04.

Hedge Funds Weigh In On Juniper Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JNPR. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Juniper Networks by 83.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,884 shares of the network equipment provider’s stock worth $670,000 after buying an additional 8,138 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Juniper Networks during the 4th quarter worth about $204,000. CIBC Asset Management Inc lifted its holdings in Juniper Networks by 2.9% during the 4th quarter. CIBC Asset Management Inc now owns 57,563 shares of the network equipment provider’s stock worth $2,156,000 after purchasing an additional 1,627 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Juniper Networks by 10.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 122,669 shares of the network equipment provider’s stock valued at $4,594,000 after acquiring an additional 11,296 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in shares of Juniper Networks in the fourth quarter valued at approximately $5,225,000. 91.95% of the stock is owned by institutional investors and hedge funds.

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.