Brokerages Set Juniper Networks, Inc. (NYSE:JNPR) Target Price at $39.50

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) has been assigned an average rating of "Hold" from the eight analysts that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $39.50.

JNPR has been the topic of several research analyst reports. Barclays lowered their price objective on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. StockNews.com assumed coverage on Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Rosenblatt Securities restated a "neutral" rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup reaffirmed a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in JNPR. Brooklyn Investment Group purchased a new position in shares of Juniper Networks during the 3rd quarter worth $76,000. FMR LLC boosted its stake in Juniper Networks by 19.3% during the third quarter. FMR LLC now owns 53,118 shares of the network equipment provider's stock worth $2,071,000 after buying an additional 8,577 shares during the period. Quantbot Technologies LP boosted its stake in Juniper Networks by 150.8% during the third quarter. Quantbot Technologies LP now owns 35,821 shares of the network equipment provider's stock worth $1,396,000 after buying an additional 21,538 shares during the period. Bank of Montreal Can increased its position in shares of Juniper Networks by 4.3% during the third quarter. Bank of Montreal Can now owns 815,384 shares of the network equipment provider's stock valued at $31,759,000 after acquiring an additional 33,305 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC raised its stake in shares of Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider's stock valued at $71,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Price Performance

NYSE:JNPR traded down $0.37 during trading hours on Wednesday, reaching $38.16. 4,494,757 shares of the company were exchanged, compared to its average volume of 3,622,552. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.63 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 12.16 and a beta of 0.93. Juniper Networks has a twelve month low of $25.83 and a twelve month high of $39.79. The stock's 50-day moving average is $38.88 and its 200-day moving average is $37.36.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks's dividend payout ratio is currently 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.