Juniper Networks, Inc. (NYSE:JNPR) has been given an average recommendation of “Hold” by the thirty-three research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.15.
Several brokerages have recently issued reports on JNPR. Piper Jaffray restated a “neutral” rating and issued a $27.00 target price on shares of Juniper Networks in a report on Wednesday, January 10th. Loop Capital lowered their target price on shares of Juniper Networks to $26.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Robert W. Baird restated a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a report on Wednesday, January 31st. Barclays lowered their target price on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, January 31st. Finally, ValuEngine cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
In other news, EVP Vincent Molinaro sold 7,647 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $26.21, for a total value of $200,427.87. Following the completion of the transaction, the executive vice president now owns 17,989 shares in the company, valued at approximately $471,491.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,300 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $139,072.00. The disclosure for this sale can be found here. Insiders sold a total of 42,813 shares of company stock valued at $1,124,709 in the last 90 days. Company insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its holdings in shares of Juniper Networks by 7.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 61,518 shares of the network equipment provider’s stock valued at $1,753,000 after purchasing an additional 4,029 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Juniper Networks by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 73,678 shares of the network equipment provider’s stock valued at $2,099,000 after acquiring an additional 4,969 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Juniper Networks by 7.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 158,105 shares of the network equipment provider’s stock valued at $4,506,000 after acquiring an additional 10,854 shares in the last quarter. Fairpointe Capital LLC increased its holdings in Juniper Networks by 3.6% during the 4th quarter. Fairpointe Capital LLC now owns 6,264,209 shares of the network equipment provider’s stock valued at $178,530,000 after acquiring an additional 216,254 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Juniper Networks during the 4th quarter valued at about $3,306,000. Institutional investors and hedge funds own 95.49% of the company’s stock.
Shares of Juniper Networks stock traded up $0.07 during trading hours on Thursday, hitting $24.45. The company had a trading volume of 1,964,286 shares, compared to its average volume of 4,443,887. Juniper Networks has a twelve month low of $23.61 and a twelve month high of $30.96. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8,734.86, a price-to-earnings ratio of 14.14, a PEG ratio of 2.96 and a beta of 0.96.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. analysts forecast that Juniper Networks will post 1.34 earnings per share for the current fiscal year.
Juniper Networks announced that its board has approved a stock buyback program on Tuesday, January 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is 41.62%.
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About Juniper Networks
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.
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