Juniper Networks (NYSE:JNPR) was upgraded by equities research analysts at CIBC from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday.
Other equities analysts also recently issued reports about the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $27.00 target price on shares of Juniper Networks in a research report on Wednesday, January 10th. UBS Group upgraded Juniper Networks from a “market perform” rating to an “outperform” rating in a research report on Monday. Oppenheimer upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Monday. Robert W. Baird restated a “hold” rating and set a $26.00 price objective (down from $28.00) on shares of Juniper Networks in a research report on Wednesday, October 25th. Finally, Bank of America downgraded Juniper Networks from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.00.
Juniper Networks (NYSE:JNPR) opened at $27.85 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market capitalization of $10,441.75, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96.
In other Juniper Networks news, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. ING Groep grew its stake in Juniper Networks by 81.9% in the third quarter. ING Groep now owns 972,997 shares of the network equipment provider’s stock valued at $25,016,000 after acquiring an additional 437,997 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in Juniper Networks by 5.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,220 shares of the network equipment provider’s stock valued at $7,705,000 after acquiring an additional 17,768 shares during the period. Jennison Associates grew its stake in Juniper Networks by 10.7% in the third quarter. Jennison Associates now owns 1,901,471 shares of the network equipment provider’s stock valued at $48,887,000 after acquiring an additional 183,167 shares during the period. Penserra Capital Management LLC grew its stake in Juniper Networks by 18.0% in the second quarter. Penserra Capital Management LLC now owns 1,280,103 shares of the network equipment provider’s stock valued at $28,789,000 after acquiring an additional 195,243 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Juniper Networks by 9.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,085,388 shares of the network equipment provider’s stock valued at $27,688,000 after acquiring an additional 89,800 shares during the period. 90.62% of the stock is owned by hedge funds and other institutional investors.
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Juniper Networks Company Profile
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.
