Barclays Lowers Juniper Networks (NYSE:JNPR) Price Target to $37.00

Juniper Networks (NYSE:JNPR - Free Report) had its target price cut by Barclays from $40.00 to $37.00 in a research note published on Friday morning, Benzinga reports. They currently have an equal weight rating on the network equipment provider's stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Rosenblatt Securities reissued a "neutral" rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They issued a "hold" rating for the company. Finally, Citigroup reiterated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Juniper Networks presently has an average rating of "Hold" and an average target price of $39.50.

Juniper Networks Trading Up 0.3 %

Shares of Juniper Networks stock traded up $0.10 during trading on Friday, reaching $39.00. 5,164,834 shares of the stock were exchanged, compared to its average volume of 3,576,440. Juniper Networks has a 1 year low of $25.83 and a 1 year high of $39.79. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 12.22 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average is $38.87 and its 200 day moving average is $37.18.

Hedge Funds Weigh In On Juniper Networks

A number of institutional investors and hedge funds have recently made changes to their positions in JNPR. Larson Financial Group LLC increased its holdings in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. OFI Invest Asset Management purchased a new position in Juniper Networks in the second quarter worth about $31,000. Longfellow Investment Management Co. LLC bought a new position in shares of Juniper Networks in the second quarter worth approximately $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of Juniper Networks during the first quarter valued at approximately $43,000. Finally, Quarry LP increased its position in shares of Juniper Networks by 71.4% during the second 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 in the last quarter. 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.