Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at UBS AG in a report issued on Wednesday, www.flashratings.com reports. They currently have a $30.00 price target on the network equipment provider’s stock, up from their previous price target of $28.00. UBS AG’s price objective suggests a potential upside of 0.13% from the company’s previous close.

A number of other brokerages also recently weighed in on JNPR. Standpoint Research downgraded shares of Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 target price (up previously from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. KeyCorp assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a “hold” rating and a $31.00 target price for the company. Finally, Pacific Crest began coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and a consensus target price of $30.40.

Shares of Juniper Networks (JNPR) traded down 6.51% during mid-day trading on Wednesday, reaching $28.01. The company’s stock had a trading volume of 10,282,752 shares. Juniper Networks has a 12 month low of $22.12 and a 12 month high of $30.96. The company has a market cap of $10.70 billion, a P/E ratio of 17.72 and a beta of 1.08. The company has a 50-day moving average of $28.81 and a 200-day moving average of $28.53.

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, beating the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts forecast that Juniper Networks will post $2.23 earnings per share for the current fiscal year.

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In related news, CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction on Friday, May 12th. The shares were sold at an average price of $30.64, for a total transaction of $327,848.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $14,388,758.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pradeep Sindhu sold 76,900 shares of Juniper Networks stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the transaction, the director now owns 40,773 shares in the company, valued at approximately $1,245,615.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,100 shares of company stock worth $5,337,282. 3.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares during the period. Morgan Stanley boosted its position in Juniper Networks by 119.2% in the first quarter. Morgan Stanley now owns 2,550,103 shares of the network equipment provider’s stock worth $70,970,000 after buying an additional 1,386,626 shares during the period. Vanguard Group Inc. boosted its position in Juniper Networks by 3.6% in the first quarter. Vanguard Group Inc. now owns 36,120,137 shares of the network equipment provider’s stock worth $1,005,224,000 after buying an additional 1,246,424 shares during the period. LSV Asset Management boosted its position in Juniper Networks by 42.4% in the first quarter. LSV Asset Management now owns 4,118,318 shares of the network equipment provider’s stock worth $114,612,000 after buying an additional 1,227,063 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Juniper Networks by 35.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,445,011 shares of the network equipment provider’s stock worth $123,698,000 after buying an additional 1,151,391 shares during the period. Institutional investors own 89.61% of the company’s stock.

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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