Juniper Networks (NYSE:JNPR) Price Target Lowered to $37.00 at Barclays

Juniper Networks (NYSE:JNPR) had its target price trimmed by Barclays from $40.00 to $37.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the network equipment provider’s stock.

A number of other analysts have also issued reports on JNPR. Rosenblatt Securities reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. StockNews.com initiated coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Up 0.3 %

Shares of NYSE JNPR traded up $0.10 during trading hours on Friday, reaching $39.00. The stock had a trading volume of 5,172,364 shares, compared to its average volume of 3,576,440. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 12.22 and a beta of 0.93. The business’s fifty day moving average price is $38.87 and its two-hundred day moving average price is $37.18. Juniper Networks has a 52-week low of $25.83 and a 52-week high of $39.79.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, December 2nd. Juniper Networks’s payout ratio is 122.22%.

Hedge Funds Weigh In On Juniper Networks

A number of institutional investors have recently modified their holdings of JNPR. Pacer Advisors Inc. boosted its position in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after buying an additional 4,798,583 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Juniper Networks during the 1st quarter valued at about $86,494,000. Canada Pension Plan Investment Board increased its position in Juniper Networks by 859.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock worth $31,016,000 after purchasing an additional 749,641 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Juniper Networks during the 1st quarter worth approximately $23,379,000. Finally, Natixis boosted its holdings in Juniper Networks by 1,524.4% in the 1st quarter. Natixis now owns 470,137 shares of the network equipment provider’s stock worth $17,423,000 after acquiring an additional 441,194 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.