Juniper Networks (NYSE:JNPR) Given New $40.00 Price Target at Barclays

Juniper Networks (NYSE:JNPR) had its price objective decreased by equities research analysts at Barclays from $41.00 to $40.00 in a research report issued on Friday, 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 7.24% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, June 18th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday. Finally, StockNews.com assumed coverage on Juniper Networks in a research note on Monday. They issued a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.27.

Juniper Networks Trading Down 0.5 %

Juniper Networks stock traded down $0.19 during mid-day trading on Friday, hitting $37.30. The stock had a trading volume of 1,128,840 shares, compared to its average volume of 3,724,042. The stock has a market capitalization of $12.12 billion, a PE ratio of 54.06, a P/E/G ratio of 9.58 and a beta of 0.95. Juniper Networks has a 12 month low of $24.87 and a 12 month high of $38.04. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $35.93 and a two-hundred day simple moving average of $36.32.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, sell-side analysts forecast that Juniper Networks will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the transaction, the chief executive officer now owns 986,764 shares in the company, valued at approximately $34,398,593.04. The disclosure for this sale can be found here. Insiders have sold 145,889 shares of company stock worth $5,243,973 in the last 90 days. Company insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On Juniper Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System grew its holdings in Juniper Networks by 3.5% during the 2nd quarter. State of Michigan Retirement System now owns 109,324 shares of the network equipment provider’s stock worth $3,986,000 after acquiring an additional 3,700 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Juniper Networks by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after acquiring an additional 114,795 shares during the period. Calamos Advisors LLC boosted its stake in Juniper Networks by 6.9% during the second quarter. Calamos Advisors LLC now owns 1,155,201 shares of the network equipment provider’s stock worth $42,119,000 after acquiring an additional 74,577 shares in the last quarter. Family Firm Inc. bought a new position in shares of Juniper Networks during the 2nd quarter worth about $58,000. Finally, Sather Financial Group Inc bought a new stake in shares of Juniper Networks during the second quarter valued at approximately $8,052,000. Institutional investors own 91.95% of the company’s stock.

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.