Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) CEO Rami Rahim sold 5,555 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total transaction of $205,757.20. Following the completion of the transaction, the chief executive officer now directly owns 1,014,539 shares in the company, valued at approximately $37,578,524.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Rami Rahim also recently made the following trade(s):
- On Friday, April 5th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.06, for a total value of $205,868.30.
- On Wednesday, March 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.43, for a total transaction of $207,923.65.
- On Monday, March 4th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.53, for a total transaction of $208,479.15.
- On Wednesday, February 7th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60.
- On Monday, February 5th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The stock was sold at an average price of $36.91, for a total transaction of $205,071.96.
Juniper Networks Trading Up 0.3 %
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NYSE JNPR opened at $37.07 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.04. The firm has a market cap of $12.02 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 7.57 and a beta of 0.98. The company has a 50 day moving average price of $37.02 and a 200 day moving average price of $31.88.
Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. As a group, sell-side analysts forecast that Juniper Networks, Inc. will post 1.37 EPS for the current fiscal year.
Juniper Networks Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, February 29th. Juniper Networks's dividend payout ratio (DPR) is presently 92.63%.
Analyst Ratings Changes
JNPR has been the subject of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Rosenblatt Securities raised their target price on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Morgan Stanley upgraded shares of Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 target price on the stock in a report on Thursday, January 11th. KeyCorp restated a "sector weight" rating on shares of Juniper Networks in a report on Thursday, January 11th. Finally, StockNews.com assumed coverage on shares of Juniper Networks in a research note on Monday, April 1st. They set a "hold" rating on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $34.27.
Get Our Latest Analysis on JNPR
Institutional Trading of Juniper Networks
Hedge funds have recently added to or reduced their stakes in the company. Halpern Financial Inc. acquired a new stake in Juniper Networks during the second quarter worth about $25,000. GAMMA Investing LLC purchased a new position in Juniper Networks in the fourth quarter worth approximately $28,000. Hartford Financial Management Inc. lifted its position in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider's stock worth $29,000 after buying an additional 330 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Juniper Networks by 92.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 974 shares of the network equipment provider's stock worth $31,000 after buying an additional 467 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Juniper Networks by 74.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider's stock valued at $30,000 after acquiring an additional 456 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.
About Juniper Networks
(
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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