Rosenblatt Securities upgraded shares of Juniper Networks (NYSE:JNPR) from a sell rating to a neutral rating in a research report report published on Wednesday morning, BenzingaRatingsTable reports. They currently have $27.00 target price on the network equipment provider’s stock, up from their previous target price of $24.00.

JNPR has been the subject of a number of other reports. TheStreet downgraded Juniper Networks from a b rating to a c+ rating in a report on Thursday, April 25th. Zacks Investment Research upgraded Juniper Networks from a hold rating to a buy rating and set a $30.00 price objective for the company in a research report on Monday, April 8th. Finally, Piper Jaffray Companies set a $27.00 price objective on Juniper Networks and gave the company a hold rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $28.38.

Shares of NYSE:JNPR opened at $26.64 on Wednesday. Juniper Networks has a 12-month low of $24.51 and a 12-month high of $30.80. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 3.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.89 and a quick ratio of 2.89.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.15. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $983.92 million. During the same period in the previous year, the company posted $0.28 earnings per share. Juniper Networks’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Juniper Networks will post 1.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, May 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 55.88%.

In related news, Director William Stensrud sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $26.01, for a total transaction of $910,350.00. Following the completion of the sale, the director now directly owns 5,531 shares in the company, valued at $143,861.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin A. Denuccio sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $27.80, for a total value of $556,000.00. Following the sale, the director now owns 8,253 shares of the company’s stock, valued at $229,433.40. The disclosure for this sale can be found here. Insiders sold 82,523 shares of company stock valued at $2,230,218 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of JNPR. Covington Capital Management purchased a new stake in shares of Juniper Networks during the fourth quarter worth approximately $31,000. Bremer Bank National Association purchased a new stake in shares of Juniper Networks during the first quarter worth approximately $39,000. Bremer Trust National Association purchased a new stake in shares of Juniper Networks during the fourth quarter worth approximately $41,000. Financial Gravity Companies Inc. purchased a new stake in Juniper Networks in the 4th quarter valued at $47,000. Finally, Rational Advisors LLC grew its holdings in Juniper Networks by 1,800.8% in the 1st quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after buying an additional 2,143 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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