Insider Selling: Juniper Networks, Inc. (JNPR) CEO Sells 10,700 Shares of Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 10,700 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $26.08, for a total value of $279,056.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:JNPR opened at $26.09 on Friday. The firm has a market cap of $9.01 billion, a PE ratio of 19.18, a P/E/G ratio of 3.17 and a beta of 0.82. The company has a quick ratio of 2.47, a current ratio of 2.49 and a debt-to-equity ratio of 0.37. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $30.80.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 29th. The network equipment provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.22 billion. Juniper Networks had a return on equity of 10.47% and a net margin of 12.20%. On average, research analysts expect that Juniper Networks, Inc. will post 1.37 earnings per share for the current year.



The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.91%. This is an increase from Juniper Networks’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 28th. Juniper Networks’s dividend payout ratio is presently 52.94%.

A number of brokerages have commented on JNPR. Wolfe Research began coverage on Juniper Networks in a report on Tuesday, December 11th. They issued an “outperform” rating on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Juniper Networks in a report on Tuesday, October 23rd. ValuEngine lowered Juniper Networks from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Credit Suisse Group reaffirmed a “sell” rating and issued a $21.00 price objective on shares of Juniper Networks in a report on Thursday, December 20th. Finally, Zacks Investment Research lowered Juniper Networks from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.86.

Several large investors have recently added to or reduced their stakes in the company. Dodge & Cox lifted its position in shares of Juniper Networks by 4.9% during the 3rd quarter. Dodge & Cox now owns 41,586,457 shares of the network equipment provider’s stock valued at $1,246,346,000 after acquiring an additional 1,933,700 shares during the period. Vanguard Group Inc lifted its position in shares of Juniper Networks by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 37,806,114 shares of the network equipment provider’s stock valued at $1,133,049,000 after acquiring an additional 182,088 shares during the period. BlackRock Inc. lifted its position in shares of Juniper Networks by 4.7% during the 4th quarter. BlackRock Inc. now owns 25,497,949 shares of the network equipment provider’s stock valued at $686,151,000 after acquiring an additional 1,142,679 shares during the period. LSV Asset Management lifted its position in shares of Juniper Networks by 26.1% during the 3rd quarter. LSV Asset Management now owns 13,910,358 shares of the network equipment provider’s stock valued at $416,893,000 after acquiring an additional 2,882,661 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Juniper Networks by 2.5% during the 3rd quarter. First Trust Advisors LP now owns 11,283,859 shares of the network equipment provider’s stock valued at $338,177,000 after acquiring an additional 273,253 shares during the period. Hedge funds and other institutional investors own 91.19% of the company’s stock.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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