The Juniper Networks, Inc. (JNPR) Downgraded to Neutral at Instinet

The Juniper Networks, Inc. (JNPR) Downgraded to Neutral at Instinet

Instinet downgraded shares of Juniper Networks, Inc. (NYSE:JNPR) from a buy rating to a neutral rating in a report published on Thursday.

A number of other research firms have also weighed in on JNPR. Zacks Investment Research raised Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 target price for the company in a report on Wednesday, August 16th. BidaskClub raised Juniper Networks from a sell rating to a hold rating in a report on Thursday, October 5th. Bank of America Corporation lowered Juniper Networks from a buy rating to a neutral rating in a report on Wednesday. Drexel Hamilton reaffirmed a buy rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Berenberg Bank reaffirmed a buy rating and set a $35.00 target price on shares of Juniper Networks in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $30.36.

Juniper Networks (NYSE JNPR) traded up 1.37% during trading on Thursday, hitting $25.82. 7,988,775 shares of the company traded hands. The stock has a 50 day moving average price of $27.61 and a 200 day moving average price of $28.45. Juniper Networks has a 12-month low of $22.41 and a 12-month high of $30.96. The company has a market capitalization of $9.82 billion, a P/E ratio of 15.45 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, equities analysts anticipate that Juniper Networks will post $2.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. Juniper Networks’s dividend payout ratio is presently 23.39%.

In related news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $12,839,055.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in JNPR. Numeric Investors LLC raised its holdings in shares of Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock valued at $130,289,000 after acquiring an additional 4,557,800 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Juniper Networks by 197.7% during 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 acquiring an additional 3,604,200 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Juniper Networks by 40.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock valued at $317,222,000 after acquiring an additional 3,248,819 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock valued at $94,076,000 after acquiring an additional 2,437,006 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Juniper Networks by 6.4% during 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 acquiring an additional 2,314,683 shares in the last quarter. Institutional investors own 90.16% of the company’s stock.

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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