Robert W. Baird reissued their hold rating on shares of Juniper Networks (NYSE:JNPR) in a research note published on Thursday. Robert W. Baird currently has a $26.00 price target on the network equipment provider’s stock.

JNPR has been the subject of several other reports. BidaskClub upgraded shares of Juniper Networks from a sell rating to a hold rating in a research note on Thursday, October 5th. Citigroup cut their target price on shares of Juniper Networks from $28.00 to $25.00 and set a neutral rating for the company in a research note on Wednesday, October 25th. Nomura downgraded shares of Juniper Networks from a buy rating to a neutral rating and cut their target price for the company from $33.00 to $27.00 in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Juniper Networks from a buy rating to a hold rating in a research note on Tuesday, September 26th. Finally, Bank of America cut their target price on shares of Juniper Networks from $31.00 to $30.00 and set a neutral rating for the company in a research note on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $29.42.

Shares of Juniper Networks (NYSE:JNPR) traded up $0.62 during trading hours on Thursday, reaching $28.38. 12,056,027 shares of the company traded hands, compared to its average volume of 8,848,569. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96. The firm has a market cap of $10,640.46, a P/E ratio of 15.59, a P/E/G ratio of 2.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. equities research analysts anticipate that Juniper Networks will post 1.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Juniper Networks’s dividend payout ratio is presently 23.26%.

In other news, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JNPR. Vanguard Group Inc. increased its stake in Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the last quarter. Dodge & Cox increased its stake in Juniper Networks by 0.4% in the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after acquiring an additional 74,877 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Juniper Networks by 12.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after acquiring an additional 1,386,036 shares during the last quarter. First Trust Advisors LP increased its stake in Juniper Networks by 1.3% in the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after acquiring an additional 91,809 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Juniper Networks by 25.4% in the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock valued at $188,804,000 after acquiring an additional 1,375,394 shares during the last quarter. 90.96% of the stock is currently owned by institutional investors.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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