Juniper Networks (NYSE:JNPR) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued on Monday. The brokerage set a “hold” rating on the network equipment provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Barclays upped their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Argus upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, June 18th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.36.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $37.19 on Monday. Juniper Networks has a 12 month low of $24.87 and a 12 month high of $38.04. The stock has a market cap of $12.09 billion, a PE ratio of 53.90, a price-to-earnings-growth ratio of 9.70 and a beta of 0.95. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $35.83 and its 200-day moving average price is $36.31.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, equities analysts expect that Juniper Networks will post 1.08 EPS for the current fiscal year.

Insider Activity

In other news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $34.86, for a total transaction of $193,647.30. Following the completion of the sale, the chief executive officer now owns 986,764 shares of the company’s stock, valued at approximately $34,398,593.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the sale, the chief executive officer now directly owns 986,764 shares of the company’s stock, valued at approximately $34,398,593.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The disclosure for this sale can be found here. Insiders sold 145,889 shares of company stock valued at $5,243,973 in the last quarter. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Juniper Networks

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Juniper Networks by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after acquiring an additional 54,735 shares during the last quarter. Eisler Capital UK Ltd. bought a new position in shares of Juniper Networks during the 4th quarter valued at approximately $816,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Juniper Networks by 2,772.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 457,074 shares of the network equipment provider’s stock valued at $16,939,000 after acquiring an additional 441,161 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Juniper Networks by 20.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock valued at $5,254,000 after acquiring an additional 29,905 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Juniper Networks by 43.9% in the fourth quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock worth $15,357,000 after buying an additional 158,913 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

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.