Rami Rahim Sells 5,555 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPRGet Rating) CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $32.01, for a total value of $177,815.55. Following the completion of the sale, the chief executive officer now owns 874,150 shares of the company’s stock, valued at $27,981,541.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, May 4th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $32.62, for a total transaction of $181,204.10.
  • On Friday, February 11th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $34.23, for a total transaction of $190,147.65.
  • On Wednesday, February 9th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $35.05, for a total transaction of $194,702.75.

Shares of NYSE JNPR opened at $32.07 on Friday. The business’s 50 day moving average price is $34.64 and its 200 day moving average price is $33.53. The firm has a market cap of $10.36 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.75 and a beta of 0.95. Juniper Networks, Inc. has a 52 week low of $25.48 and a 52 week high of $38.14. The company has a quick ratio of 1.46, a current ratio of 1.63 and a debt-to-equity ratio of 0.39.

Juniper Networks (NYSE:JNPRGet Rating) last issued its earnings results on Tuesday, April 26th. The network equipment provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Juniper Networks had a net margin of 7.03% and a return on equity of 9.40%. Juniper Networks’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, research analysts expect that Juniper Networks, Inc. will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.84 annualized dividend and a yield of 2.62%. Juniper Networks’s dividend payout ratio is presently 81.55%.

Institutional investors have recently added to or reduced their stakes in the business. CVA Family Office LLC boosted its position in Juniper Networks by 72.8% in the 1st quarter. CVA Family Office LLC now owns 700 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 295 shares in the last quarter. UMB Bank N A MO purchased a new stake in Juniper Networks in the 4th quarter worth approximately $26,000. Benjamin Edwards Inc. purchased a new stake in Juniper Networks in the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its position in Juniper Networks by 142.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 879 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 516 shares in the last quarter. Finally, CWM LLC purchased a new stake in Juniper Networks in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 92.78% of the company’s stock.

JNPR has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Juniper Networks from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Friday, January 28th. KeyCorp initiated coverage on shares of Juniper Networks in a report on Tuesday, January 18th. They set an “overweight” rating and a $46.00 price objective on the stock. StockNews.com initiated coverage on shares of Juniper Networks in a report on Thursday, March 31st. They set a “buy” rating on the stock. Loop Capital initiated coverage on shares of Juniper Networks in a report on Monday, February 14th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Piper Sandler cut their price objective on shares of Juniper Networks from $36.00 to $34.00 in a report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Juniper Networks presently has an average rating of “Buy” and a consensus price target of $36.60.

Juniper Networks Company Profile (Get Rating)

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.

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