Juniper Networks, Inc. (JNPR) Given New $28.00 Price Target at UBS AG

Juniper Networks, Inc. (NYSE:JNPR) had its target price decreased by equities researchers at UBS AG from $30.00 to $28.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the network equipment provider’s stock. UBS AG’s price objective would suggest a potential upside of 4.24% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, August 16th. Bank of America Corporation downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday. Instinet reiterated a “neutral” rating on shares of Juniper Networks in a research note on Thursday. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Drexel Hamilton reiterated a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.82.

Shares of Juniper Networks (JNPR) opened at 26.86 on Thursday. Juniper Networks has a one year low of $22.41 and a one year high of $30.96. The firm’s 50 day moving average is $27.66 and its 200-day moving average is $28.48. The firm has a market capitalization of $10.22 billion, a PE ratio of 16.07 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities research analysts predict that Juniper Networks will post $2.24 earnings per share for the current fiscal year.

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In related news, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock valued at $974,774 over the last quarter. 3.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of JNPR. JPMorgan Chase & Co. grew its position in shares of Juniper Networks by 376.4% in the 1st quarter. JPMorgan Chase & Co. now owns 864,754 shares of the network equipment provider’s stock valued at $24,066,000 after purchasing an additional 683,217 shares during the period. Victory Capital Management Inc. grew its position in shares of Juniper Networks by 27.7% in the 1st quarter. Victory Capital Management Inc. now owns 45,553 shares of the network equipment provider’s stock valued at $1,268,000 after purchasing an additional 9,873 shares during the period. BB&T Securities LLC acquired a new position in shares of Juniper Networks in the 1st quarter valued at approximately $239,000. OppenheimerFunds Inc. grew its position in shares of Juniper Networks by 11.0% in the 1st quarter. OppenheimerFunds Inc. now owns 22,288 shares of the network equipment provider’s stock valued at $620,000 after purchasing an additional 2,214 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Juniper Networks by 9.4% in the 1st quarter. Principal Financial Group Inc. now owns 643,165 shares of the network equipment provider’s stock valued at $17,899,000 after purchasing an additional 55,120 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.

Juniper Networks Company Profile

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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