Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $34.83, for a total value of $193,480.65. Following the completion of the transaction, the chief executive officer now directly owns 997,874 shares of the company's stock, valued at approximately $34,755,951.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Rami Rahim also recently made the following trade(s):
- On Friday, May 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $34.86, for a total transaction of $193,647.30.
- On Friday, April 5th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.06, for a total value of $205,868.30.
- On Wednesday, April 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.04, for a total transaction of $205,757.20.
- 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 stock was 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 value 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 value of $205,071.96.
Juniper Networks Price Performance
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Shares of Juniper Networks stock opened at $34.84 on Friday. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 50.49, a PEG ratio of 8.72 and a beta of 0.98. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock's 50-day simple moving average is $36.57 and its 200-day simple moving average is $33.09. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.04.
Juniper Networks (NYSE:JNPR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, analysts expect that Juniper Networks, Inc. will post 1.12 earnings per share for the current fiscal year.
Juniper Networks Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks's dividend payout ratio (DPR) is presently 127.54%.
Wall Street Analysts Forecast Growth
JNPR has been the topic of several recent research reports. Rosenblatt Securities increased their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Needham & Company LLC reiterated a "hold" rating on shares of Juniper Networks in a research note on Friday, April 26th. Morgan Stanley upgraded Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 price objective for the company in a research note on Thursday, January 11th. KeyCorp reiterated a "sector weight" rating on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, StockNews.com initiated coverage on Juniper Networks in a research report on Friday. They issued a "hold" rating for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $34.55.
Check Out Our Latest Analysis on JNPR
Hedge Funds Weigh In On Juniper Networks
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Juniper Networks by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider's stock valued at $1,212,417,000 after acquiring an additional 137,652 shares during the last quarter. First Trust Advisors LP grew its position in shares of Juniper Networks by 3.9% during the fourth quarter. First Trust Advisors LP now owns 13,230,251 shares of the network equipment provider's stock valued at $390,028,000 after purchasing an additional 495,037 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Juniper Networks by 3.8% in the third quarter. Legal & General Group Plc now owns 5,982,734 shares of the network equipment provider's stock worth $166,260,000 after purchasing an additional 219,860 shares during the last quarter. Invesco Ltd. lifted its position in shares of Juniper Networks by 9.7% in the third quarter. Invesco Ltd. now owns 5,709,064 shares of the network equipment provider's stock worth $158,655,000 after buying an additional 502,673 shares in the last quarter. Finally, Norges Bank bought a new position in Juniper Networks during the fourth quarter valued at approximately $136,778,000. Institutional investors own 91.95% of the company's stock.
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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