Brokerages Set Juniper Networks, Inc. (NYSE:JNPR) PT at $39.25

Shares of Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) have earned an average rating of "Hold" from the five analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.25.

JNPR has been the subject of a number of research analyst reports. Barclays reduced their target price on Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Juniper Networks from a "hold" rating to a "buy" rating in a research note on Friday.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded up $0.56 during midday trading on Monday, reaching $34.94. The company had a trading volume of 6,030,354 shares, compared to its average volume of 3,623,591. Juniper Networks has a 1 year low of $33.72 and a 1 year high of $39.79. The business's 50-day simple moving average is $37.34 and its 200 day simple moving average is $38.05. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.57 billion, a P/E ratio of 45.97, a P/E/G ratio of 7.76 and a beta of 0.88.

Institutional Trading of Juniper Networks

A number of hedge funds have recently added to or reduced their stakes in JNPR. State Street Corp raised its position in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock worth $614,280,000 after acquiring an additional 574,418 shares during the period. Geode Capital Management LLC boosted its position in Juniper Networks by 4.6% during the third quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock worth $371,269,000 after purchasing an additional 417,050 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Juniper Networks by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider's stock worth $115,276,000 after purchasing an additional 33,016 shares in the last quarter. Alpine Associates Management Inc. increased its position in shares of Juniper Networks by 12.7% in the third quarter. Alpine Associates Management Inc. now owns 2,676,064 shares of the network equipment provider's stock valued at $104,313,000 after buying an additional 301,900 shares in the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Juniper Networks by 20.1% during the 4th quarter. Calamos Advisors LLC now owns 1,387,382 shares of the network equipment provider's stock worth $51,957,000 after buying an additional 232,181 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.

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.