Juniper Networks, Inc. (NYSE:JNPR) Receives Consensus Recommendation of "Hold" from Analysts

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $39.25.

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Barclays dropped their price objective 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.

Juniper Networks Stock Down 3.6 %

NYSE:JNPR traded down $1.28 during mid-day trading on Monday, reaching $33.87. The company's stock had a trading volume of 11,089,028 shares, compared to its average volume of 4,361,777. 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 firm has a market capitalization of $11.21 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88. The stock has a fifty day moving average of $37.38 and a 200-day moving average of $38.08. Juniper Networks has a 1 year low of $33.72 and a 1 year high of $39.79.

Hedge Funds Weigh In On Juniper Networks

A number of large investors have recently modified their holdings of JNPR. Sather Financial Group Inc raised its holdings in shares of Juniper Networks by 17.6% in the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider's stock worth $10,126,000 after acquiring an additional 38,936 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Juniper Networks by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock valued at $17,406,000 after purchasing an additional 21,651 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Juniper Networks by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock worth $115,276,000 after purchasing an additional 33,016 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Juniper Networks during the fourth quarter worth about $1,374,000. Finally, Mizuho Securities USA LLC raised its position in shares of 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 buying an additional 472,370 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.