Raymond James downgrades Juniper Networks Inc. (JNPR) rating to an Outperform


Juniper Networks Inc.’s recently made public that its Director DelSanto Anne unloaded Company’s shares for reported $26298.0 on Sep 01. In the deal valued at $29.22 per share,900 shares were sold. As a result of this transaction, DelSanto Anne now holds 28,343 shares worth roughly $ 0.82 million.

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Then, Miller Kenneth Bradley sold 15,000 shares, generating $414,075 in total proceeds. Upon selling the shares at $27.61, the EVP CFO now owns 225,828 shares.

Before that, DelSanto Anne sold 900 shares. Juniper Networks Inc. shares valued at $25,182 were divested by the Director at a price of $27.98 per share. As a result of the transaction, DelSanto Anne now holds 29,243 shares, worth roughly $0.85 million.

Raymond James downgraded its Juniper Networks Inc. [JNPR] rating to an Outperform from a a Strong buy in a research note published on Tuesday, July 24, 2023; the price target was decreased to $37 from $38. PT values the company’s stock at a premium of 21.59 to its Tuesday closing price.

Price Performance Review of JNPR

On Tuesday, Juniper Networks Inc. [NYSE:JNPR] saw its stock fall -1.02% to $29.01. On the same session, the stock had its day’s lowest price of $28.91, but rose to a high of $29.29. Over the last five days, the stock has gained 2.84%. Juniper Networks Inc. shares have fallen nearly -9.23% since the year began. Nevertheless, the stocks have risen 3.09% over the past one year. While a 52-week high of $34.53 was reached on 04/03/23, a 52-week low of $25.18 was recorded on 08/16/23. SMA at 50 days reached $29.18, while 200 days put it at $30.86. A total of 2.54 million shares were traded, compared to the trading of 2.78 million shares in the previous session.

Levels Of Support And Resistance For JNPR Stock

The 24-hour chart illustrates a support level at 28.85, which if violated will result in even more drops to 28.69. On the upside, there is a resistance level at 29.23. A further resistance level may holdings at 29.45. The Relative Strength Index (RSI) on the 14-day chart is 55.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.11%. Stochastics %K at 93.78% indicates the stock is a selling.

How much short interest is there in Juniper Networks Inc.?

A steep rise in short interest was recorded in Juniper Networks Inc. stocks on Aug 14, 2023, dropping by -1.24 million shares to a total of 7.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.31 million shares. There was a decline of -17.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.5.

Juniper Networks Inc. [JNPR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 39,283,904 shares, or roughly 12.22% of the outstanding JNPR shares. In other words, the investor’s shares have risen by 626,764 from its previous 13-F filing of 38657140.0. Additionally, Dodge & Cox decreased -0.43% of its stake after which the total value it holdings stand at $972,542,134, while BlackRock Fund Advisors added 14.01% of its stake to hold $679.38 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,613,651 shares of Juniper Networks Inc., while First Trust Advisors LP bought 1,336,469 shares. At present, Geode Capital Management LLC is holding 7,510,090 shares valued at $208.78 million. Legal & General Investment Manage owned 4,986,823 shares of the company at the time of its most recent 13F filing, worth $138.63 million.

According to FactSet, Juniper Networks Inc.’s share price will average $32.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.0 percent from its previous closing price of $29.31. Analysts expect Juniper Networks Inc. stock to reach the higher price of $38.00, while the lowest price estimate is $28.00. However, 18 analysts have rated JNPR stock as an Overweight in their predictions for 2023.


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