Rosenblatt Securities Reaffirms “Neutral” Rating for Juniper Networks (NYSE:JNPR)

Rosenblatt Securities reissued their neutral rating on shares of Juniper Networks (NYSE:JNPR) in a research report report published on Friday morning, Benzinga reports. They currently have a $40.00 target price on the network equipment provider’s stock.

Several other research firms have also issued reports on JNPR. Barclays lowered their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Citigroup reissued a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Monday, September 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, StockNews.com started coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Stock Up 0.3 %

Shares of JNPR opened at $39.00 on Friday. 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 business has a fifty day moving average of $38.87 and a 200 day moving average of $37.19. The company has a market cap of $12.84 billion, a PE ratio of 51.32, a P/E/G ratio of 12.21 and a beta of 0.93. Juniper Networks has a 52-week low of $25.83 and a 52-week high of $39.79.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio is presently 115.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management bought a new stake in shares of Juniper Networks in the second quarter valued at about $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Juniper Networks in the second quarter worth about $36,000. Fidelis Capital Partners LLC bought a new position in Juniper Networks during the 1st quarter worth about $43,000. Finally, Quarry LP increased its position in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares during the period. 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.