Juniper Networks (NYSE:JNPR) had its price objective lowered by Nomura from $26.00 to $25.00 in a research note released on Wednesday morning. The firm currently has a neutral rating on the network equipment provider’s stock.
A number of other equities analysts have also recently weighed in on the company. Loop Capital lowered their price target on Juniper Networks to $26.00 and set a neutral rating for the company in a report on Wednesday. MKM Partners increased their price target on Juniper Networks to $31.00 and gave the stock a neutral rating in a report on Friday, January 26th. Robert W. Baird reiterated a hold rating and set a $26.00 price target on shares of Juniper Networks in a report on Tuesday, January 23rd. CIBC upgraded Juniper Networks from a market perform rating to an outperform rating in a report on Monday, January 22nd. Finally, Oppenheimer upgraded Juniper Networks from a market perform rating to an outperform rating and set a $33.00 price target for the company in a report on Monday, January 22nd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $29.08.
Juniper Networks (NYSE:JNPR) opened at $26.26 on Wednesday. The firm has a market capitalization of $9,954.35, a price-to-earnings ratio of 15.17, a PEG ratio of 2.48 and a beta of 0.89. The company has a current ratio of 2.41, a quick ratio of 2.70 and a debt-to-equity ratio of 0.46. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be given a $0.18 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio (DPR) is currently 49.38%.
Juniper Networks announced that its board has initiated a share repurchase plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,322,487.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rahul N. Merchant purchased 2,000 shares of Juniper Networks stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the transaction, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in shares of Juniper Networks during the 4th quarter worth about $3,048,000. Public Employees Retirement Association of Colorado raised its position in shares of Juniper Networks by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 71,277 shares of the network equipment provider’s stock worth $2,031,000 after acquiring an additional 2,382 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Juniper Networks by 11.1% during the 4th quarter. Victory Capital Management Inc. now owns 80,002 shares of the network equipment provider’s stock worth $2,280,000 after acquiring an additional 7,966 shares in the last quarter. Empirical Finance LLC raised its position in shares of Juniper Networks by 137.1% during the 4th quarter. Empirical Finance LLC now owns 103,407 shares of the network equipment provider’s stock worth $2,947,000 after acquiring an additional 59,798 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in shares of Juniper Networks by 42.9% during the 4th quarter. Engineers Gate Manager LP now owns 186,486 shares of the network equipment provider’s stock worth $5,315,000 after acquiring an additional 55,993 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors.
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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