Juniper Networks (NYSE:JNPR) had its price objective boosted by analysts at MKM Partners to $31.00 in a report released on Friday. The firm presently has a “neutral” rating on the network equipment provider’s stock. MKM Partners’ price target points to a potential upside of 9.97% from the company’s current price.
Several other research analysts have also issued reports on JNPR. Cowen reissued a “hold” rating and issued a $28.00 target price on shares of Juniper Networks in a research report on Friday, October 27th. Wells Fargo & Co initiated coverage on Juniper Networks in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 target price for the company. Deutsche Bank reissued a “sell” rating and issued a $20.00 target price on shares of Juniper Networks in a research report on Friday, January 5th. Instinet lowered Juniper Networks from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.07.
Juniper Networks (NYSE:JNPR) traded up $0.52 during midday trading on Friday, reaching $28.19. The company’s stock had a trading volume of 3,096,644 shares, compared to its average volume of 3,113,686. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10,374.27, a PE ratio of 16.39, a P/E/G ratio of 2.57 and a beta of 1.10.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction 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 approximately $12,374,144.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rahul N. Merchant bought 2,000 shares of Juniper Networks stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Juniper Networks in the 3rd quarter worth $111,000. Cerebellum GP LLC purchased a new position in shares of Juniper Networks in the 4th quarter worth $128,000. Stevens First Principles Investment Advisors boosted its stake in shares of Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after buying an additional 2,045 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of Juniper Networks in the 2nd quarter worth $204,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Juniper Networks in the 3rd quarter worth $217,000. 90.62% of the stock is owned by institutional investors and hedge funds.
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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.