Juniper Networks (NYSE:JNPR) Downgraded by Argus to “Hold”

Juniper Networks (NYSE:JNPR) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports.

Other equities research analysts also recently issued reports about the company. Barclays upped their target price on Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday. StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.80.

Juniper Networks Stock Performance

Shares of NYSE JNPR opened at $35.99 on Friday. 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 50 day simple moving average of $37.30 and a 200-day simple moving average of $38.00. The company has a market cap of $11.91 billion, a PE ratio of 47.35, a P/E/G ratio of 7.70 and a beta of 0.87. Juniper Networks has a 12-month low of $33.72 and a 12-month high of $39.79.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%. On average, equities research analysts forecast that Juniper Networks will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Andra AP fonden raised its stake in Juniper Networks by 105.6% during the 4th quarter. Andra AP fonden now owns 289,900 shares of the network equipment provider’s stock valued at $10,857,000 after purchasing an additional 148,900 shares during the period. E Fund Management Co. Ltd. acquired a new stake in Juniper Networks during the 4th quarter valued at $251,000. Raymond James Financial Inc. acquired a new stake in Juniper Networks during the 4th quarter valued at $8,216,000. Arizona State Retirement System raised its stake in Juniper Networks by 2.7% during the 4th quarter. Arizona State Retirement System now owns 95,606 shares of the network equipment provider’s stock valued at $3,580,000 after purchasing an additional 2,497 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Juniper Networks during the 4th quarter valued at $1,926,000. Institutional investors own 91.95% of the company’s stock.

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.