Kenneth Bradley Miller Sells 40,000 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the transaction, the chief financial officer now directly owns 124,776 shares of the company’s stock, valued at approximately $4,554,324. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kenneth Bradley Miller also recently made the following trade(s):

• On Wednesday, July 3rd, Kenneth Bradley Miller sold 28,669 shares of Juniper Networks stock. The stock was sold at an average price of $36.53, for a total value of $1,047,278.57.
• On Thursday, June 27th, Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock. The shares were sold at an average price of $36.00, for a total value of $1,440,000.00.
• On Wednesday, May 15th, Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock. The shares were sold at an average price of $34.47, for a total value of $517,050.00.

Juniper Networks Stock Down 0.6 %

Shares of NYSE:JNPR traded down $0.22 during mid-day trading on Wednesday, hitting $36.35. 680,195 shares of the company traded hands, compared to its average volume of 3,948,942. The stock has a 50-day moving average price of $35.15 and a two-hundred day moving average price of $35.51. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $38.04. The stock has a market cap of $11.81 billion, a P/E ratio of 53.00, a P/E/G ratio of 9.50 and a beta of 0.95. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, equities research analysts forecast that Juniper Networks, Inc. will post 1.08 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Monday, June 3rd. Juniper Networks’s payout ratio is 127.54%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, June 18th. Finally, StockNews.com began coverage on Juniper Networks in a report on Friday, June 28th. They issued a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

Hedge Funds Weigh In On Juniper Networks

Several hedge funds have recently modified their holdings of JNPR. GAMMA Investing LLC bought a new position in shares of Juniper Networks in the fourth quarter valued at approximately $28,000. Hartford Financial Management Inc. grew its stake in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 330 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Juniper Networks during the 4th quarter valued at $35,000. Blue Trust Inc. raised its stake in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Juniper Networks during the 1st quarter worth $43,000. Institutional investors own 91.95% of the company’s stock.

About Juniper Networks

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.