Juniper Networks (NYSE:JNPR) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Juniper Networks (NYSE:JNPR) in a research report sent to investors on Friday, Benzinga reports. They currently have a $40.00 price target on the network equipment provider’s stock.

JNPR has been the subject of a number of other reports. Citigroup reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, Barclays cut their target price on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Trading Up 0.3 %

JNPR stock traded up $0.10 during midday trading 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 firm has a market cap of $12.84 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 12.22 and a beta of 0.93. Juniper Networks has a twelve month low of $25.83 and a twelve month high of $39.79. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $38.87 and a two-hundred day simple moving average of $37.18.

Juniper Networks Announces Dividend

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

Institutional Investors Weigh In On Juniper Networks

Several large investors have recently made changes to their positions in JNPR. Pacer Advisors Inc. increased its holdings in Juniper Networks by 14,314.7% during the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Juniper Networks by 3.8% in 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 in the last quarter. Alpine Associates Management Inc. boosted its position in Juniper Networks by 9.1% during the 2nd quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock worth $86,562,000 after acquiring an additional 197,400 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Juniper Networks during the 1st quarter worth approximately $86,494,000. Finally, Hsbc Holdings PLC lifted its position in shares of Juniper Networks by 14.4% in the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock worth $69,716,000 after purchasing an additional 240,385 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

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.