Juniper Networks, Inc. (JNPR) Price Target Lowered to $25.00 at Citigroup Inc.

Juniper Networks, Inc. (NYSE:JNPR) had its price objective lowered by Citigroup Inc. from $28.00 to $25.00 in a research report released on Wednesday morning. The firm currently has a neutral rating on the network equipment provider’s stock.

Several other brokerages have also weighed in on JNPR. Barclays PLC lowered their price objective on Juniper Networks from $32.00 to $28.00 and set an equal weight rating for the company in a report on Wednesday. BMO Capital Markets lowered their price objective on Juniper Networks from $31.00 to $29.00 and set an outperform rating for the company in a report on Wednesday. Robert W. Baird reissued a hold rating and issued a $26.00 price objective (down from $28.00) on shares of Juniper Networks in a report on Wednesday. UBS AG lowered their price objective on Juniper Networks from $28.00 to $26.00 and set a neutral rating for the company in a report on Wednesday. Finally, Nomura lowered their price objective on Juniper Networks from $27.00 to $26.00 and set a neutral rating for the company in a report on Wednesday. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $29.54.

Juniper Networks (NYSE:JNPR) traded up 1.37% on Wednesday, hitting $25.20. The stock had a trading volume of 7,826,341 shares. The firm has a market cap of $9.58 billion, a PE ratio of 15.08 and a beta of 1.09. The company’s 50 day moving average is $27.06 and its 200 day moving average is $28.29. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.80% and a net margin of 12.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Juniper Networks will post $2.10 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. Juniper Networks’s dividend payout ratio (DPR) is 23.26%.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total value of $147,636.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,839,055.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold 30,013 shares of company stock valued at $823,844 over the last 90 days. 2.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after buying an additional 2,314,683 shares in the last quarter. Dodge & Cox increased its holdings in shares of Juniper Networks by 0.4% in the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Juniper Networks by 12.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after buying an additional 1,386,036 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Juniper Networks by 1.3% in the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after buying an additional 91,809 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Juniper Networks by 197.7% in the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after buying an additional 3,604,200 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.

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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