Juniper Networks, Inc. (JNPR) CEO Sells $147,636.00 in Stock
Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total value of $147,636.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $12,839,055.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Rami Rahim also recently made the following trade(s):
- On Monday, August 28th, Rami Rahim sold 5,300 shares of Juniper Networks stock. The shares were sold at an average price of $27.47, for a total value of $145,591.00.
- On Wednesday, August 30th, Rami Rahim sold 16,000 shares of Juniper Networks stock. The shares were sold at an average price of $27.43, for a total value of $438,880.00.
Juniper Networks, Inc. (JNPR) opened at 27.68 on Friday. Juniper Networks, Inc. has a 52-week low of $22.40 and a 52-week high of $30.96. The firm’s 50-day moving average price is $28.09 and its 200 day moving average price is $28.56. The stock has a market cap of $10.53 billion, a P/E ratio of 16.56 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Juniper Networks, Inc. will post $2.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
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JNPR has been the topic of several analyst reports. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, July 28th. Raymond James Financial, Inc. upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. Instinet reiterated a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a research note on Tuesday, July 4th. Finally, TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $30.94.
Large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in Juniper Networks by 3.5% in the first quarter. Nationwide Fund Advisors now owns 159,834 shares of the network equipment provider’s stock worth $4,448,000 after buying an additional 5,477 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Juniper Networks by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,129 shares of the network equipment provider’s stock worth $238,000 after buying an additional 272 shares during the last quarter. ProShare Advisors LLC raised its stake in Juniper Networks by 1.3% in the first quarter. ProShare Advisors LLC now owns 61,932 shares of the network equipment provider’s stock worth $1,724,000 after buying an additional 785 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Juniper Networks during the first quarter worth about $266,000. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Juniper Networks during the first quarter worth about $2,402,000. Institutional investors own 90.16% of the company’s stock.
About Juniper Networks
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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