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Juniper Networks (NYSE:JNPR) Price Target Cut to $32.00 by Analysts at Rosenblatt Securities


Juniper Networks (NYSE:JNPR – Get Rating) had its price target trimmed by Rosenblatt Securities from $33.00 to $32.00 in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the network equipment provider’s stock.

Several other research firms have also recently issued reports on JNPR. KeyCorp lowered their price objective on shares of Juniper Networks from $46.00 to $36.00 and set an overweight rating for the company in a research report on Wednesday. Bank of America cut shares of Juniper Networks from a buy rating to an underperform rating and lowered their price objective for the company from $40.00 to $32.00 in a research report on Wednesday, July 20th. Piper Sandler cut shares of Juniper Networks from a neutral rating to an underweight rating and lowered their price objective for the company from $34.00 to $27.00 in a research report on Wednesday, July 13th. StockNews.com started coverage on shares of Juniper Networks in a research report on Thursday, March 31st. They issued a buy rating for the company. Finally, Evercore ISI lowered their price target on shares of Juniper Networks from $35.00 to $33.00 and set an in-line rating for the company in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Juniper Networks has a consensus rating of Hold and a consensus price target of $33.18.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $28.03 on Wednesday. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.82 and a beta of 0.94. Juniper Networks has a 12 month low of $26.20 and a 12 month high of $38.14. The firm’s 50-day moving average is $28.97 and its 200-day moving average is $32.20. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. Juniper Networks’s payout ratio is currently 81.55%.

Insider Transactions at Juniper Networks

In other news, COO Manoj Leelanivas sold 8,274 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $32.15, for a total value of $266,009.10. Following the sale, the chief operating officer now owns 100,230 shares in the company, valued at $3,222,394.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kenneth Bradley Miller sold 6,000 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the chief financial officer now directly owns 171,835 shares of the company’s stock, valued at $5,471,226.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Manoj Leelanivas sold 8,274 shares of the stock in a transaction on Friday, May 6th. The stock was sold at an average price of $32.15, for a total transaction of $266,009.10. Following the sale, the chief operating officer now directly owns 100,230 shares in the company, valued at $3,222,394.50. The disclosure for this sale can be found here. Insiders have sold 36,494 shares of company stock worth $1,130,982 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Juniper Networks

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank NA MO purchased a new stake in Juniper Networks during the fourth quarter worth $26,000. CVA Family Office LLC lifted its holdings in Juniper Networks by 72.8% during the first quarter. CVA Family Office LLC now owns 700 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 295 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in Juniper Networks by 250.0% during the first quarter. Tradition Wealth Management LLC now owns 700 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Juniper Networks during the fourth quarter valued at $30,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Juniper Networks by 142.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 879 shares of the network equipment provider’s stock valued at $31,000 after purchasing an additional 516 shares in the last quarter. 92.78% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Company Profile

(GetRating)

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.

See Also

Analyst Recommendations for Juniper Networks (NYSE:JNPR)



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