Juniper Networks shares had a trading volume of 12,604K on Tuesday. Trading volume was up 89.65% over the stocks average daily volume.
Investors are a little more bearish on shares of the company lately if you look at the motion in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 22.11%. Short interest grew from 20,158,436 to 24,614,943 over that timeframe. The short-interest ratio decreased to 4.0 and the short interest percentage is 0.07% as of October 13.
There has been some selling insider activity on Juniper Networks (NYSE:JNPR) recently. Rami Rahim, CEO disclosed the sale of 16,000 shares. The shares sold for $27.43. The CEO now owns $3,259,452 of the stock according to the SEC filing.
These funds have shifted positions in (JNPR). Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its stake by buying 2,542 shares an increase of 9.0% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 30,929 shares with a value of $861,000. The value of the position overall is up by 8.8%. Tredje Ap-fonden augmented its holdings by buying 3,870 shares an increase of 7.1% as of 09/30/2017. Tredje Ap-fonden controls 58,116 shares valued at $1,617,000. The total value of its holdings increased 6.9%.
Omers Administration Corp expanded its investment by buying 66,000 shares an increase of 84.1%. Omers Administration Corp owns 144,500 shares worth $4,021,000. The value of the position overall is up by 83.7%. As of the end of the quarter Raymond James & Associates had bought a total of 26,678 shares growing its holdings by 7.7%. The value of the investment in Juniper Networks increased from $9,671,000 to $10,396,000 a change of 7.5% since the last quarter.
On October 27 Cowen and Company maintained a company rating of “Hold” with a current price target of $28.00. Equity analyst Citigroup lowered the price target on October 25 cutting the projection from $28.00 to $25.00 with a rating of “Neutral”.
BMO Capital Markets lowered the price target on October 25 changing the price objective from $31.00 to $29.00 and stated a “Outperform” rating. October 25 investment analysts at William Blair reiterated a “Hold” rating on the company.
Equity analyst Nomura lowered the price target of the stock on October 25 changing the forecast from $27.00 to $26.00 and issued a “Neutral” rating. October 25 investment analysts at Robert W. Baird left the company rating at “Hold” targeting a price of $26.00.
The company is down from yesterday’s close of 26.43. The P/E ratio is currently 15.61 and the market cap of the company is 9.90B. As of the last earnings report the EPS was $1.67 with 374.93M shares presently outstanding.
Juniper Networks, Inc. (Juniper Networks), launched on September 10, 1997, designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company sells its high-performance network products and service offerings across routing, switching and security. Its products address network requirements for global service providers, cloud providers, national governments, research and public sector organizations, and other enterprises. The Company offers its customers various services, including technical support, professional services, education and training programs..