Juniper Networks (NYSE:JNPR) Upgraded to “Buy” at StockNews.com

Juniper Networks (NYSE:JNPRGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities analysts have also issued reports about the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st. Barclays cut their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.25.

Get Our Latest Stock Analysis on Juniper Networks

Juniper Networks Trading Up 1.6 %

Shares of NYSE:JNPR opened at $34.94 on Friday. The company has a 50 day moving average of $37.34 and a 200-day moving average of $38.05. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $11.57 billion, a P/E ratio of 45.97, a P/E/G ratio of 7.76 and a beta of 0.88. Juniper Networks has a twelve month low of $33.72 and a twelve month high of $39.79.

Institutional Investors Weigh In On Juniper Networks

Several hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in Juniper Networks by 12.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,759 shares of the network equipment provider’s stock worth $538,000 after buying an additional 1,633 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Juniper Networks by 73.0% during the second quarter. Public Sector Pension Investment Board now owns 12,584 shares of the network equipment provider’s stock valued at $459,000 after acquiring an additional 5,311 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Juniper Networks by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 203,828 shares of the network equipment provider’s stock valued at $7,432,000 after acquiring an additional 1,497 shares in the last quarter. Creative Planning boosted its stake in Juniper Networks by 13.8% in the 2nd quarter. Creative Planning now owns 18,789 shares of the network equipment provider’s stock worth $685,000 after purchasing an additional 2,276 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Juniper Networks by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after purchasing an additional 422 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

About Juniper Networks

(Get Free Report)

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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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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