Juniper Networks (NYSE:JNPR) Reaches New 12-Month Low – What’s Next?

Shares of Juniper Networks, Inc. (NYSE:JNPR) hit a new 52-week low during trading on Thursday . The stock traded as low as $33.72 and last traded at $34.08, with a volume of 8608217 shares traded. The stock had previously closed at $35.15.

Wall Street Analyst Weigh In

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

Juniper Networks Stock Performance

The company has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $38.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The stock has a market cap of $11.38 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88.

Institutional Trading of Juniper Networks

Several hedge funds and other institutional investors have recently bought and sold shares of JNPR. ABC Arbitrage SA bought a new stake in Juniper Networks in the fourth quarter worth $5,225,000. Asset Management One Co. Ltd. increased its holdings in shares of Juniper Networks by 9.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 157,338 shares of the network equipment provider’s stock worth $5,902,000 after buying an additional 13,030 shares during the period. Sather Financial Group Inc lifted its stake in shares of Juniper Networks by 16.5% in the 4th quarter. Sather Financial Group Inc now owns 302,731 shares of the network equipment provider’s stock valued at $11,337,000 after acquiring an additional 42,945 shares during the last quarter. Empowered Funds LLC boosted its holdings in Juniper Networks by 327.1% during the 4th quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider’s stock valued at $868,000 after acquiring an additional 17,758 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Juniper Networks by 3.1% during the 4th 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 acquiring an additional 1,377 shares during the last quarter. Hedge funds and other institutional investors 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.