Juniper Networks (JNPR) Now Covered by Analysts at Loop Capital

Analysts at Loop Capital began coverage on shares of Juniper Networks (NYSE:JNPR) in a report released on Monday, The Fly reports. The brokerage set a “hold” rating on the network equipment provider’s stock.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Raymond James Financial set a $31.00 price objective on shares of Juniper Networks and gave the company a “buy” rating in a research note on Thursday, December 7th. Barclays reduced their price objective on shares of Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Juniper Networks in a research note on Thursday, October 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.36.

Shares of Juniper Networks (NYSE JNPR) traded up $0.29 during trading hours on Monday, hitting $28.48. 4,454,458 shares of the company’s stock were exchanged, compared to its average volume of 3,580,752. The firm has a market cap of $10,569.23, a price-to-earnings ratio of 16.56, a P/E/G ratio of 2.62 and a beta of 1.10. Juniper Networks has a 52 week low of $23.87 and a 52 week high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.

In other news, Director Rahul N. Merchant bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Juniper Networks by 9.1% during the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after purchasing an additional 10,465 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock worth $2,694,000 after purchasing an additional 24,348 shares during the period. Regentatlantic Capital LLC increased its holdings in shares of Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock worth $768,000 after purchasing an additional 16,280 shares during the period. Prudential Financial Inc. increased its holdings in shares of Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock worth $110,364,000 after purchasing an additional 591,348 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its holdings in shares of Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock worth $31,600,000 after purchasing an additional 219,275 shares during the period. Institutional investors own 90.65% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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