Evercore ISI assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research note published on Wednesday, BenzingaRatingsTable reports. The firm issued an inline rating and a $26.00 price target on the network equipment provider’s stock.
Several other equities research analysts also recently commented on the company. Citigroup downgraded Juniper Networks from a neutral rating to a sell rating and reduced their price objective for the stock from $28.00 to $24.00 in a report on Monday, July 8th. Rosenblatt Securities upgraded Juniper Networks from a sell rating to a neutral rating and lifted their price objective for the stock from $24.00 to $27.00 in a report on Wednesday, June 12th. Barclays assumed coverage on Juniper Networks in a research report on Wednesday, August 7th. They issued an equal weight rating and a $27.00 target price on the stock. Finally, Raymond James set a $29.00 target price on Juniper Networks and gave the stock a buy rating in a research report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $27.40.
NYSE JNPR traded down $0.05 during trading hours on Wednesday, hitting $24.44. The company’s stock had a trading volume of 3,241,406 shares, compared to its average volume of 3,384,056. Juniper Networks has a 12 month low of $22.42 and a 12 month high of $30.80. The company’s 50 day simple moving average is $24.63 and its two-hundred day simple moving average is $26.19. The company has a market cap of $8.31 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 3.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 2.13.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.11%. Juniper Networks’s payout ratio is currently 55.88%.
In other news, EVP Manoj Leelanivas sold 9,000 shares of Juniper Networks stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total transaction of $241,200.00. Following the transaction, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,500 shares of company stock worth $737,990. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new position in Juniper Networks in the 2nd quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in Juniper Networks by 160.8% in the 2nd quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 836 shares in the last quarter. Bremer Bank National Association purchased a new position in Juniper Networks in the 1st quarter worth approximately $39,000. CSat Investment Advisory L.P. lifted its holdings in Juniper Networks by 33.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 423 shares in the last quarter. Finally, CENTRAL TRUST Co purchased a new position in Juniper Networks in the 2nd quarter worth approximately $51,000. 90.89% of the stock is currently owned by institutional investors.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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