Juniper Networks, Inc. (NYSE:JNPR) CEO Sells $193,480.65 in Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $34.83, for a total transaction of $193,480.65. Following the transaction, the chief executive officer now directly owns 997,874 shares of the company’s stock, valued at $34,755,951.42. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, May 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $34.86, for a total value of $193,647.30.
• On Friday, April 5th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.06, for a total value of $205,868.30.
• On Wednesday, April 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.04, for a total transaction of $205,757.20.
• On Wednesday, March 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.43, for a total transaction of $207,923.65.
• On Monday, March 4th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.53, for a total value of $208,479.15.
• On Wednesday, February 7th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The shares were sold at an average price of $37.10, for a total value of $206,127.60.
• On Monday, February 5th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The stock was sold at an average price of $36.91, for a total value of $205,071.96.

Juniper Networks Trading Up 0.5 %

Shares of NYSE JNPR opened at $34.84 on Friday. The business has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $33.09. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 8.72 and a beta of 0.98. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio is presently 127.54%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JNPR shares. StockNews.com began coverage on shares of Juniper Networks in a report on Friday. They issued a “hold” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price target (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a research note on Thursday, January 11th. Rosenblatt Securities upped their target price on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Barclays lifted their price target on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average target price of $34.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Juniper Networks in the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. grew its holdings in shares of Juniper Networks by 51.3% during the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after buying an additional 330 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Juniper Networks during the first quarter valued at approximately $43,000. Johnson Financial Group Inc. bought a new position in Juniper Networks during the fourth quarter valued at approximately $35,000. Finally, Blue Trust Inc. raised its holdings in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after purchasing an additional 368 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.

About Juniper Networks

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.