Juniper Networks' (JNPR) "Neutral" Rating Reaffirmed at Rosenblatt Securities

Juniper Networks (NYSE:JNPR - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at Rosenblatt Securities in a report released on Friday, Benzinga reports. They presently have a $40.00 target price on the network equipment provider's stock. Rosenblatt Securities' price objective suggests a potential upside of 2.56% from the company's previous close.

Other analysts also recently issued research reports about the company. Needham & Company LLC restated a "hold" rating on shares of Juniper Networks in a research report on Friday, July 26th. StockNews.com began coverage on Juniper Networks in a research note on Monday, September 16th. They issued a "hold" rating on the stock. Barclays reduced their target price on Juniper Networks from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, July 26th. Finally, Citigroup restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Juniper Networks presently has an average rating of "Hold" and a consensus target price of $39.50.

Juniper Networks Price Performance

Shares of JNPR traded up $0.10 during trading hours on Friday, reaching $39.00. 5,164,834 shares of the company's stock traded hands, compared to its average volume of 3,576,440. The stock has a market cap of $12.84 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 12.22 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm's 50 day simple moving average is $38.87 and its 200-day simple moving average is $37.18. Juniper Networks has a 12 month low of $25.83 and a 12 month high of $39.79.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in 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 buying an additional 745 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Juniper Networks in the 2nd quarter valued at approximately $36,000. Fidelis Capital Partners LLC bought a new stake in shares of Juniper Networks in the 1st quarter valued at approximately $43,000. Finally, Quarry LP raised its holdings in shares of Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider's stock worth $56,000 after buying an additional 644 shares during the period. 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.