Juniper Networks (NYSE:JNPR) Shares Gap Down – Should You Sell?

Juniper Networks, Inc. (NYSE:JNPRGet Free Report)’s stock price gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

JNPR has been the subject of several research reports. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Barclays decreased their price target 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Juniper Networks currently has a consensus rating of “Hold” and an average target price of $39.25.

Read Our Latest Analysis on Juniper Networks

Juniper Networks Stock Performance

The firm’s 50 day simple moving average is $37.38 and its 200-day simple moving average is $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. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72.

Hedge Funds Weigh In On Juniper Networks

Large investors have recently made changes to their positions in the business. Sather Financial Group Inc grew its position in Juniper Networks by 17.6% during the third quarter. Sather Financial Group Inc now owns 259,786 shares of the network equipment provider’s stock valued at $10,126,000 after purchasing an additional 38,936 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Juniper Networks by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider’s stock valued at $17,406,000 after acquiring an additional 21,651 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Juniper Networks by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,957,317 shares of the network equipment provider’s stock worth $115,276,000 after acquiring an additional 33,016 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Juniper Networks during the fourth quarter worth $1,374,000. Finally, Mizuho Securities USA LLC boosted its position in Juniper Networks by 1,885.0% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock valued at $19,390,000 after purchasing an additional 472,370 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Company Profile

(Get Free Report)

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.

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