Juniper Networks, Inc. (JNPR) CEO Sells $327,848.00 in Stock
Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $30.64, for a total transaction of $327,848.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $14,388,758.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Rami Rahim also recently made the following trade(s):
- On Thursday, February 23rd, Rami Rahim sold 15,000 shares of Juniper Networks stock. The shares were sold at an average price of $28.52, for a total transaction of $427,800.00.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded up 0.52% during mid-day trading on Thursday, reaching $28.86. 4,906,007 shares of the company traded hands. The stock’s 50-day moving average is $29.88 and its 200-day moving average is $28.40. The company has a market capitalization of $11.03 billion, a P/E ratio of 18.25 and a beta of 1.01. Juniper Networks, Inc. has a 52 week low of $21.17 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Juniper Networks, Inc. will post $2.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, May 30th. Juniper Networks’s dividend payout ratio is presently 25.00%.
JNPR has been the topic of several research reports. Instinet reissued a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Juniper Networks from $31.00 to $36.00 and gave the company a “conviction-buy” rating in a report on Monday, March 27th. Berenberg Bank initiated coverage on shares of Juniper Networks in a report on Tuesday, April 4th. They issued a “buy” rating and a $35.00 price target on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Juniper Networks in a report on Saturday, March 11th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price target (up from $27.00) on shares of Juniper Networks in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.06.
Hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. purchased a new stake in Juniper Networks during the first quarter worth approximately $337,000. Bank of Nova Scotia raised its stake in Juniper Networks by 795.5% in the first quarter. Bank of Nova Scotia now owns 285,027 shares of the network equipment provider’s stock worth $7,933,000 after buying an additional 253,197 shares in the last quarter. Oak Associates Ltd. OH raised its stake in Juniper Networks by 102.8% in the first quarter. Oak Associates Ltd. OH now owns 384,657 shares of the network equipment provider’s stock worth $10,705,000 after buying an additional 195,000 shares during the period. Credit Suisse AG raised its stake in Juniper Networks by 39.2% in the first quarter. Credit Suisse AG now owns 806,729 shares of the network equipment provider’s stock worth $22,450,000 after buying an additional 227,004 shares during the period. Finally, AQR Capital Management LLC raised its stake in Juniper Networks by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,607,855 shares of the network equipment provider’s stock worth $44,747,000 after buying an additional 343,935 shares during the period. 89.48% of the stock is owned by institutional investors.
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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