Juniper Networks (NYSE:JNPR) Given New $37.00 Price Target at Barclays

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

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

Juniper Networks Stock Performance

Juniper Networks stock traded up $0.04 during trading hours on Friday, reaching $38.94. 3,471,977 shares of the company were exchanged, compared to its average volume of 3,568,427. Juniper Networks has a 12 month low of $25.83 and a 12 month high of $39.79. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 54.08, a PEG ratio of 12.22 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $38.86 and a 200 day moving average of $37.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in shares of Juniper Networks by 14,314.7% in the 2nd quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock valued at $176,179,000 after acquiring an additional 4,798,583 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Juniper Networks by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 3,157,579 shares of the network equipment provider’s stock valued at $115,125,000 after purchasing an additional 114,795 shares during the last quarter. Alpine Associates Management Inc. lifted its stake in shares of Juniper Networks by 9.1% during the 2nd quarter. Alpine Associates Management Inc. now owns 2,374,164 shares of the network equipment provider’s stock worth $86,562,000 after buying an additional 197,400 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Juniper Networks during the 1st quarter worth about $86,494,000. Finally, Hsbc Holdings PLC grew its position in shares of Juniper Networks by 14.4% in the second quarter. Hsbc Holdings PLC now owns 1,911,855 shares of the network equipment provider’s stock valued at $69,716,000 after purchasing an additional 240,385 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

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.