Juniper Networks, Inc. (JNPR) CEO Rami Rahim Sells 5,400 Shares of Stock

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Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $30.44, for a total transaction of $164,376.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 9th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The shares were sold at an average price of $29.98, for a total transaction of $161,892.00.

Shares of NYSE JNPR traded down $1.55 during trading hours on Friday, hitting $29.12. 9,816,000 shares of the stock were exchanged, compared to its average volume of 5,046,315. The company has a current ratio of 2.47, a quick ratio of 2.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.50 billion, a P/E ratio of 16.83, a P/E/G ratio of 4.33 and a beta of 0.88. Juniper Networks, Inc. has a one year low of $23.61 and a one year high of $30.80.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. Juniper Networks’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Equities research analysts forecast that Juniper Networks, Inc. will post 1.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, December 4th. Juniper Networks’s dividend payout ratio is currently 41.62%.

Several analysts have commented on the stock. Nomura raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $34.00 in a research report on Wednesday, September 19th. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. UBS Group assumed coverage on shares of Juniper Networks in a research report on Wednesday, September 26th. They issued a “neutral” rating and a $31.00 target price for the company. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b-” rating in a research report on Thursday, September 20th. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $24.00 target price on shares of Juniper Networks in a research report on Sunday, October 14th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.75.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its holdings in shares of Juniper Networks by 35.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,637,017 shares of the network equipment provider’s stock worth $49,061,000 after buying an additional 432,200 shares during the period. Dean Capital Investments Management LLC bought a new stake in shares of Juniper Networks during the 3rd quarter worth $220,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Juniper Networks by 7.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 48,038 shares of the network equipment provider’s stock worth $1,417,000 after buying an additional 3,432 shares during the period. American International Group Inc. boosted its holdings in shares of Juniper Networks by 5.2% during the 3rd quarter. American International Group Inc. now owns 132,956 shares of the network equipment provider’s stock worth $3,985,000 after buying an additional 6,564 shares during the period. Finally, Twin Tree Management LP bought a new stake in shares of Juniper Networks during the 3rd quarter worth $438,000. 93.27% of the stock is owned by institutional investors and hedge funds.

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About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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