Juniper Networks (NYSE:JNPR) Shares Gap Down – Time to Sell?

Juniper Networks, Inc. (NYSE:JNPR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $38.65, but opened at $36.21. Juniper Networks shares last traded at $36.29, with a volume of 2,387,644 shares traded.

Analysts Set New Price Targets

JNPR has been the topic of several analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Barclays cut their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average price target of $39.25.

Juniper Networks Trading Down 3.6 %

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 company has a 50-day moving average price of $37.38 and a 200-day moving average price of $38.08. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 46.04, a P/E/G ratio of 8.57 and a beta of 0.88.

Institutional Investors Weigh In On Juniper Networks

Several hedge funds and other institutional investors have recently modified their holdings of JNPR. Asset Management One Co. Ltd. increased its stake in Juniper Networks by 9.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 157,338 shares of the network equipment provider’s stock valued at $5,902,000 after acquiring an additional 13,030 shares during the period. Sather Financial Group Inc increased its position in shares of Juniper Networks by 16.5% during the fourth quarter. Sather Financial Group Inc now owns 302,731 shares of the network equipment provider’s stock valued at $11,337,000 after purchasing an additional 42,945 shares during the period. Empowered Funds LLC raised its stake in shares of Juniper Networks by 327.1% in the fourth quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider’s stock valued at $868,000 after purchasing an additional 17,758 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Juniper Networks by 3.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,499 shares of the network equipment provider’s stock worth $1,704,000 after purchasing an additional 1,377 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Juniper Networks by 3.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 913,047 shares of the network equipment provider’s stock worth $34,194,000 after buying an additional 29,990 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

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.