Juniper Networks, Inc. (NYSE:JNPR) CEO Sells $142,290.00 in Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total value of $142,290.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Rami Rahim also recently made the following trade(s):

  • On Thursday, November 16th, Rami Rahim sold 16,100 shares of Juniper Networks stock. The stock was sold at an average price of $26.24, for a total value of $422,464.00.
  • On Tuesday, August 29th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The shares were sold at an average price of $27.34, for a total value of $147,636.00.
  • 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. (NYSE:JNPR) opened at $28.38 on Monday. The company has a market cap of $10,640.46, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09. Juniper Networks, Inc. has a 1 year low of $23.87 and a 1 year high of $30.96. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. equities analysts anticipate that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 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 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is 23.26%.

JNPR has been the subject of several research reports. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird reissued a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a report on Thursday. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and issued a $30.25 target price on shares of Juniper Networks in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.42.

A number of institutional investors and hedge funds have recently made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks during the 3rd quarter worth $111,000. Creative Planning grew its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after buying an additional 201 shares during the period. Stevens First Principles Investment Advisors lifted its position in Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in Juniper Networks in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Juniper Networks (NYSE:JNPR)

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