Juniper Networks, Inc. (NYSE:JNPR) Receives Average Rating of "Hold" from Brokerages

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.50.

Several analysts have weighed in on JNPR shares. StockNews.com assumed coverage on Juniper Networks in a research report on Monday, September 16th. They issued a "hold" rating for the company. Barclays lowered their price target on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd.

Hedge Funds Weigh In On Juniper Networks

Institutional investors have recently added to or reduced their stakes in the company. Sather Financial Group Inc increased its stake in shares of Juniper Networks by 17.6% during the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider's stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 worth $17,406,000 after buying an additional 21,651 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 valued at $115,276,000 after buying an additional 33,016 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Juniper Networks by 1,885.0% during 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. Finally, Paloma Partners Management Co purchased a new position in Juniper Networks during the third quarter valued at $1,182,000. Institutional investors own 91.95% of the company's stock.

Juniper Networks Trading Down 0.7 %

Shares of JNPR traded down $0.26 during trading hours on Friday, hitting $36.52. The company had a trading volume of 4,109,177 shares, compared to its average volume of 5,284,133. Juniper Networks has a 52-week low of $28.61 and a 52-week high of $39.79. 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 stock's 50 day moving average price is $37.98 and its 200 day moving average price is $37.55. The firm has a market cap of $12.09 billion, a P/E ratio of 48.05, a P/E/G ratio of 11.44 and a beta of 0.89.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.41%. Juniper Networks's payout ratio is 115.79%.

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.