Juniper Networks (NYSE:JNPR) Upgraded at StockNews.com

StockNews.com upgraded shares of Juniper Networks (NYSE:JNPR) from a hold rating to a buy rating in a research note published on Friday.

Several other research firms have also recently commented on JNPR. Barclays reduced their price target 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. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.25.

Juniper Networks Trading Up 1.6 %

NYSE JNPR opened at $34.94 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The stock has a market capitalization 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 52-week low of $33.72 and a 52-week high of $39.79. The firm has a 50-day moving average price of $37.34 and a 200 day moving average price of $38.05.

Hedge Funds Weigh In On Juniper Networks

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after purchasing an additional 422 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares during the last quarter. Gould Capital LLC grew its stake in Juniper Networks by 1.9% in the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock valued at $1,142,000 after acquiring an additional 534 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Juniper Networks by 12.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock valued at $184,000 after acquiring an additional 549 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its position in Juniper Networks by 1.2% during the third quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock worth $1,857,000 after acquiring an additional 580 shares during the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

About Juniper Networks

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.