Juniper Networks (JNPR) Lifted to B- at TheStreet
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Juniper Networks from a hold rating to a buy rating and set a $29.00 target price on the stock in a research report on Tuesday, July 31st. Deutsche Bank raised shares of Juniper Networks from a hold rating to a buy rating and raised their target price for the stock from $25.00 to $32.00 in a research report on Monday, July 30th. Oppenheimer reissued a buy rating on shares of Juniper Networks in a research report on Tuesday, August 7th. Nomura raised shares of Juniper Networks from a neutral rating to a buy rating and raised their target price for the stock from $28.00 to $34.00 in a research report on Wednesday. Finally, ValuEngine raised shares of Juniper Networks from a hold rating to a buy rating in a research report on Saturday. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $27.24.
Juniper Networks stock opened at $29.77 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.27 and a current ratio of 2.27. Juniper Networks has a 12-month low of $23.61 and a 12-month high of $29.95. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 4.30 and a beta of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th will be issued a $0.18 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.72 annualized dividend and a yield of 2.42%. Juniper Networks’s payout ratio is 41.62%.
In related news, Director William Stensrud sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total value of $564,000.00. Following the transaction, the director now owns 5,531 shares in the company, valued at $155,974.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $26.40, for a total transaction of $139,920.00. The disclosure for this sale can be found here. Insiders sold 41,300 shares of company stock worth $1,130,160 in the last 90 days. 2.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of JNPR. Private Capital Group LLC raised its stake in shares of Juniper Networks by 6,618.0% during the first quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock valued at $100,000 after purchasing an additional 4,037 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $112,000. Whittier Trust Co. raised its stake in shares of Juniper Networks by 794.3% during the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after purchasing an additional 5,862 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Juniper Networks during the second quarter valued at approximately $225,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Juniper Networks by 86.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock valued at $260,000 after purchasing an additional 4,386 shares during the period. Institutional investors own 92.55% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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