Juniper Networks, Inc. (NYSE:JNPR) Sees Significant Drop in Short Interest

Juniper Networks, Inc. (NYSE:JNPRGet Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 10,460,000 shares, a drop of 7.6% from the May 15th total of 11,320,000 shares. Based on an average daily volume of 3,090,000 shares, the short-interest ratio is currently 3.4 days. Approximately 3.3% of the company’s shares are short sold.

Juniper Networks Stock Performance

Juniper Networks stock traded up $0.04 during trading on Wednesday, reaching $35.54. The company had a trading volume of 1,529,781 shares, compared to its average volume of 1,994,596. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $35.03. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 9.25 and a beta of 0.96. Juniper Networks has a 52 week low of $24.87 and a 52 week high of $38.04.

Juniper Networks (NYSE:JNPRGet Free Report) last released its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. Sell-side analysts forecast that Juniper Networks will post 1.08 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors 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 yield of 2.48%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Insider Transactions at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the sale, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,330 shares of company stock worth $1,708,320. Insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel boosted its position in shares of Juniper Networks by 1.3% during the first quarter. Aurora Investment Counsel now owns 73,878 shares of the network equipment provider’s stock worth $2,738,000 after acquiring an additional 935 shares during the last quarter. Swedbank AB purchased a new position in shares of Juniper Networks during the first quarter valued at about $2,543,000. Wahed Invest LLC lifted its position in shares of Juniper Networks by 14.3% in the first quarter. Wahed Invest LLC now owns 6,203 shares of the network equipment provider’s stock worth $230,000 after buying an additional 776 shares in the last quarter. Tidal Investments LLC grew its holdings in Juniper Networks by 31.3% during the 1st quarter. Tidal Investments LLC now owns 52,338 shares of the network equipment provider’s stock valued at $1,940,000 after buying an additional 12,489 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Juniper Networks by 4.8% during the first quarter. California State Teachers Retirement System now owns 512,228 shares of the network equipment provider’s stock valued at $18,983,000 after purchasing an additional 23,378 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JNPR has been the subject of several research reports. Barclays increased their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday. Finally, StockNews.com began coverage on Juniper Networks in a research report on Wednesday, June 12th. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.00.

Check Out Our Latest Stock Report on Juniper Networks

Juniper Networks Company Profile

(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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