Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,322,487.68. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Rami Rahim also recently made the following trade(s):
- On Tuesday, November 14th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00.
- On Tuesday, August 29th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00.
- On Monday, August 28th, Rami Rahim sold 5,300 shares of Juniper Networks stock. The shares were sold at an average price of $27.47, for a total transaction of $145,591.00.
- On Wednesday, August 30th, Rami Rahim sold 16,000 shares of Juniper Networks stock. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00.
Juniper Networks, Inc. (JNPR) opened at $26.30 on Friday. The company has a market cap of $9,870.00, a P/E ratio of 14.52, a P/E/G ratio of 2.10 and a beta of 1.05. Juniper Networks, Inc. has a 12 month low of $23.87 and a 12 month high of $30.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 13.17% and a return on equity of 12.98%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.58 EPS. Juniper Networks’s revenue was down 2.1% on a year-over-year basis. equities analysts forecast that Juniper Networks, Inc. will post 1.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. Juniper Networks’s dividend payout ratio is presently 23.95%.
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A number of brokerages have recently issued reports on JNPR. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $30.00 price target on shares of Juniper Networks in a research note on Wednesday, August 2nd. UBS AG reiterated a “neutral” rating and issued a $30.00 price target (up previously from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Wells Fargo & Company began coverage on shares of Juniper Networks in a research report on Tuesday. They set a “market perform” rating and a $25.00 target price on the stock. Finally, BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Juniper Networks has an average rating of “Hold” and a consensus target price of $29.42.
A number of hedge funds have recently added to or reduced their stakes in JNPR. Fuller & Thaler Asset Management Inc. purchased a new position in Juniper Networks in the 3rd quarter worth approximately $111,000. Creative Planning lifted its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors lifted its holdings in shares of Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Juniper Networks in the 2nd quarter worth approximately $204,000. 93.32% of the stock is owned by institutional investors and hedge funds.
Juniper Networks Company Profile
Juniper Networks, Inc 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, and Asia Pacific.
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