Juniper Networks, Inc. (NYSE:JNPR – Get Rating) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.11 and last traded at $26.14, with a volume of 10990 shares changing hands. The stock had previously closed at $26.36.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on JNPR. Wells Fargo & Company decreased their target price on Juniper Networks to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. JPMorgan Chase & Co. raised Juniper Networks from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $37.00 to $36.00 in a research report on Thursday, July 14th. UBS Group decreased their price objective on Juniper Networks from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Wednesday, July 27th. Piper Sandler cut Juniper Networks from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $34.00 to $27.00 in a research report on Wednesday, July 13th. Finally, Rosenblatt Securities decreased their price objective on Juniper Networks from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.41.
Get Juniper Networks alerts:Juniper Networks Stock Down 0.5 %
The stock has a market capitalization of $8.47 billion, a PE ratio of 22.15, a P/E/G ratio of 1.89 and a beta of 0.86. The firm has a 50 day moving average of $28.45 and a two-hundred day moving average of $30.75. The company has a current ratio of 1.58, a quick ratio of 1.37 and a debt-to-equity ratio of 0.38.
Juniper Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, August 31st. Juniper Networks's payout ratio is 70.59%.Insiders Place Their Bets
In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the firm's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $28.56, for a total transaction of $178,500.00. Following the completion of the transaction, the chief executive officer now owns 819,985 shares of the company's stock, valued at $23,418,771.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $702,313. Corporate insiders own 1.30% of the company's stock.
Institutional Investors Weigh In On Juniper Networks
Several hedge funds have recently made changes to their positions in JNPR. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Juniper Networks by 43.6% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 74,918 shares of the network equipment provider's stock valued at $2,780,000 after acquiring an additional 22,730 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Juniper Networks by 1,089.5% in the fourth quarter. Schroder Investment Management Group now owns 206,131 shares of the network equipment provider's stock valued at $7,361,000 after acquiring an additional 188,802 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Juniper Networks by 308.0% in the fourth quarter. Nuveen Asset Management LLC now owns 3,832,774 shares of the network equipment provider's stock valued at $136,869,000 after acquiring an additional 2,893,408 shares during the last quarter. Advisor Partners LLC boosted its holdings in Juniper Networks by 7.8% in the first quarter. Advisor Partners LLC now owns 6,595 shares of the network equipment provider's stock valued at $245,000 after acquiring an additional 475 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Juniper Networks by 29.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,227 shares of the network equipment provider's stock valued at $258,000 after acquiring an additional 1,655 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.
Juniper Networks Company Profile
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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.
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