Juniper Networks (NYSE:JNPR) Hits New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

Several analysts have weighed in on JNPR shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Barclays cut their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.25.

Juniper Networks Stock Performance

The company has a market cap of $11.38 billion, a P/E ratio of 45.22, a PEG ratio of 8.57 and a beta of 0.88. The stock’s 50-day moving average price is $37.38 and its 200-day moving average price is $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.

Institutional Trading of Juniper Networks

Several institutional investors have recently modified their holdings of JNPR. Venturi Wealth Management LLC increased its holdings in shares of Juniper Networks by 60.3% during the third 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 in the last quarter. Quarry LP grew its position in Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after purchasing an additional 644 shares during the period. Sentry Investment Management LLC bought a new stake in Juniper Networks during the 3rd quarter worth approximately $61,000. Longfellow Investment Management Co. LLC raised its position in Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after buying an additional 839 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Juniper Networks during the 3rd quarter valued at $76,000. 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.