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

Shares of Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $39.50.

JNPR has been the topic of a number of research reports. StockNews.com started coverage on Juniper Networks in a research report on Monday, September 16th. They set a "hold" rating on the stock. Barclays lowered 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. Rosenblatt Securities reiterated a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Finally, Citigroup restated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd.

Juniper Networks Stock Up 0.9 %

Shares of JNPR traded up $0.33 during trading hours on Thursday, hitting $37.78. The stock had a trading volume of 1,675,624 shares, compared to its average volume of 3,649,243. The firm has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $37.81. Juniper Networks has a 1-year low of $29.22 and a 1-year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The firm has a market capitalization of $12.51 billion, a P/E ratio of 49.71, a price-to-earnings-growth ratio of 11.75 and a beta of 0.89.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.33%. Juniper Networks's dividend payout ratio (DPR) is 115.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $28,000 after purchasing an additional 745 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks during the 2nd quarter worth $36,000. Venturi Wealth Management LLC increased its holdings in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider's stock worth $46,000 after acquiring an additional 447 shares during the last quarter. Quarry LP raised its stake in Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock valued at $56,000 after acquiring an additional 644 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Juniper Networks during the third quarter valued at about $61,000. Hedge funds and other institutional investors own 91.95% of the company's stock.

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.