Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company LLC in a report released on Thursday.

Other equities analysts have also issued reports about the company. TheStreet upgraded Juniper Networks from a “c+” rating to a “b” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, July 28th. Berenberg Bank reiterated a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, Instinet reiterated a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.68.

Juniper Networks (NYSE JNPR) traded down 6.14% on Thursday, reaching $25.21. The company’s stock had a trading volume of 10,485,765 shares. Juniper Networks has a 52-week low of $22.41 and a 52-week high of $30.96. The stock’s 50 day moving average price is $27.66 and its 200 day moving average price is $28.48. The firm has a market cap of $9.59 billion, a PE ratio of 15.09 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. Equities research analysts expect that Juniper Networks will post $2.24 earnings per share for the current fiscal year.

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In other news, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total value of $147,636.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,839,055.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Juniper Networks by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after buying an additional 2,314,683 shares in the last quarter. State Street Corp increased its position in Juniper Networks by 4.4% during the 1st quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock valued at $493,700,000 after buying an additional 751,132 shares in the last quarter. Dodge & Cox increased its position in Juniper Networks by 0.4% during the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Juniper Networks by 40.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after buying an additional 3,248,819 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Juniper Networks by 22.4% during the 2nd quarter. First Trust Advisors LP now owns 7,124,028 shares of the network equipment provider’s stock valued at $198,618,000 after buying an additional 1,302,277 shares in the last quarter. 90.16% of the stock is owned by institutional investors.

About Juniper Networks

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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