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

Juniper Networks (NYSE:JNPR - Get Free Report) had its price target boosted by analysts at Barclays from $37.00 to $39.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the network equipment provider's stock. Barclays's price objective points to a potential upside of 8.38% from the stock's previous close.

A number of other equities analysts 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. StockNews.com raised Juniper Networks from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.80.

Juniper Networks Stock Performance

JNPR traded down $0.10 on Wednesday, hitting $35.99. 3,721,457 shares of the company traded hands, compared to its average volume of 4,944,890. The stock has a market capitalization of $11.91 billion, a PE ratio of 47.35, a PEG ratio of 7.70 and a beta of 0.87. 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 50 day moving average of $37.30 and a 200-day moving average of $38.01. Juniper Networks has a 12-month low of $33.72 and a 12-month high of $39.79.

Juniper Networks (NYSE:JNPR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a net margin of 4.97% and a return on equity of 7.41%. Sell-side analysts anticipate that Juniper Networks will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On Juniper Networks

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Juniper Networks in the 4th quarter worth about $8,216,000. Arizona State Retirement System lifted its holdings in shares of Juniper Networks by 2.7% during the 4th quarter. Arizona State Retirement System now owns 95,606 shares of the network equipment provider's stock worth $3,580,000 after acquiring an additional 2,497 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Juniper Networks in the fourth quarter worth approximately $1,926,000. M&T Bank Corp grew its holdings in Juniper Networks by 10.1% in the fourth quarter. M&T Bank Corp now owns 23,132 shares of the network equipment provider's stock valued at $867,000 after purchasing an additional 2,117 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Juniper Networks by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,984,544 shares of the network equipment provider's stock worth $111,771,000 after purchasing an additional 27,227 shares during the last quarter. Hedge funds and other institutional investors 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.