Barclays Raises Juniper Networks (NYSE:JNPR) Price Target to $39.00

Juniper Networks (NYSE:JNPR) had its price target raised by equities research analysts at Barclays from $37.00 to $39.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the network equipment provider’s stock. Barclays‘s target price suggests a potential upside of 9.60% from the stock’s current price.

JNPR has been the topic of several other research reports. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.80.

Juniper Networks Trading Up 2.9 %

Shares of Juniper Networks stock opened at $35.58 on Wednesday. The company has a 50-day moving average of $37.30 and a two-hundred day moving average of $38.02. Juniper Networks has a 12-month low of $33.72 and a 12-month high of $39.79. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.78 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 7.70 and a beta of 0.87.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a net margin of 4.97% and a return on equity of 7.41%. On average, research analysts anticipate that Juniper Networks will post 0.89 EPS for the current fiscal year.

Institutional Trading of Juniper Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after purchasing an additional 422 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares in the last quarter. Gould Capital LLC increased its stake in shares of Juniper Networks by 1.9% during the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock worth $1,142,000 after purchasing an additional 534 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Juniper Networks by 12.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock valued at $184,000 after buying an additional 549 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Juniper Networks by 1.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock worth $1,857,000 after purchasing an additional 580 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

Juniper Networks Company Profile

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.