Insider Selling: Juniper Networks, Inc. (NYSE:JNPR) CEO Sells 5,555 Shares of Stock

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction on 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 sale, the chief executive officer now directly owns 997,874 shares of the company's stock, valued at approximately $34,755,951.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rami Rahim also recently made the following trade(s):

• On Friday, May 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $34.86, for a total value 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 transaction of $205,868.30.
• On Wednesday, April 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.04, for a total value 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 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 value of $206,127.60.
• On Monday, February 5th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The shares were sold at an average price of $36.91, for a total value of $205,071.96.

Juniper Networks Stock Performance

Shares of JNPR traded up $0.19 during trading hours on Friday, hitting $34.84. The stock had a trading volume of 2,407,019 shares, compared to its average volume of 4,806,698. The firm has a 50-day moving average price of $36.62 and a 200 day moving average price of $33.03. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 8.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, research analysts anticipate that Juniper Networks, Inc. will post 1.12 EPS for the current year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.22 per share. 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 payout ratio is 127.54%.

Institutional Investors Weigh In On Juniper Networks

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC increased its position in shares of Juniper Networks by 4.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider's stock worth $1,286,000 after purchasing an additional 2,134 shares in the last quarter. Nordea Investment Management AB lifted its position in Juniper Networks by 2,096.4% during the fourth quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider's stock worth $13,212,000 after buying an additional 431,855 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Juniper Networks by 71.8% during the third quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider's stock worth $9,030,000 after buying an additional 135,823 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Juniper Networks by 112.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider's stock valued at $5,031,000 after buying an additional 95,672 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Juniper Networks by 37.2% in the 3rd quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider's stock valued at $46,066,000 after buying an additional 449,575 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Analysts Set New Price Targets

JNPR has been the topic of several analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Juniper Networks in a report on Thursday, January 11th. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a research report on Friday, April 26th. Barclays boosted their price target on Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Morgan Stanley raised shares of Juniper Networks from an "underweight" rating to an "equal weight" rating and set a $40.00 price target for the company in a research report on Thursday, January 11th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $40.00 price target (up from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.55.

Juniper Networks Company Profile

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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