Barclays Has Lowered Expectations for Juniper Networks (NYSE:JNPR) Stock Price

Juniper Networks (NYSE:JNPR) had its target price dropped by equities research analysts at Barclays from $40.00 to $37.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the network equipment provider’s stock. Barclays‘s target price suggests a potential downside of 4.98% from the stock’s current price.

JNPR has been the topic of a number of other research reports. StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a report on Friday. Citigroup reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Price Performance

Shares of NYSE:JNPR traded up $0.04 during midday trading on Friday, hitting $38.94. The stock had a trading volume of 3,471,977 shares, compared to its average volume of 3,568,427. The company’s 50-day moving average price is $38.86 and its 200-day moving average price is $37.15. Juniper Networks has a fifty-two week low of $25.83 and a fifty-two week high of $39.79. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.82 billion, a P/E ratio of 54.08, a price-to-earnings-growth ratio of 12.22 and a beta of 0.93.

Hedge Funds Weigh In On Juniper Networks

Hedge funds have recently bought and sold shares of the company. Oak Thistle LLC boosted its holdings in shares of Juniper Networks by 4.6% in the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after buying an additional 353 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Juniper Networks by 1.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Juniper Networks by 8.9% in the second quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock valued at $179,000 after purchasing an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after buying an additional 422 shares during the last quarter. Finally, Keene & Associates Inc. lifted its position in shares of Juniper Networks by 3.8% during the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock valued at $419,000 after buying an additional 425 shares during the last quarter. 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.