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

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the transaction, the chief executive officer now directly owns 986,764 shares of the company’s stock, valued at approximately $34,398,593.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 1st, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $34.83, for a total transaction of $193,480.65.
• 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 transaction 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 value of $205,757.20.
• On Wednesday, March 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.43, for a total value of $207,923.65.
• On Monday, March 4th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.53, for a total transaction of $208,479.15.
• On Wednesday, February 7th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60.
• On Monday, February 5th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The shares were sold at an average price of $36.91, for a total value of $205,071.96.

Juniper Networks Trading Up 0.5 %

NYSE JNPR opened at $34.84 on Friday. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The business has a 50 day simple moving average of $36.57 and a 200 day simple moving average of $33.09. The stock has a market capitalization of $11.32 billion, a P/E ratio of 50.49, a P/E/G ratio of 8.72 and a beta of 0.98.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be paid a $0.22 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JNPR. GAMMA Investing LLC acquired a new position in shares of Juniper Networks during the fourth quarter valued at about $28,000. Hartford Financial Management Inc. boosted its holdings in Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 330 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Juniper Networks in the fourth quarter valued at approximately $35,000. Blue Trust Inc. increased its holdings in shares of Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after acquiring an additional 368 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Juniper Networks during the first quarter worth approximately $43,000. 91.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JNPR shares. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Rosenblatt Securities boosted their target price on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Morgan Stanley raised 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. Finally, Barclays lifted their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.55.

Juniper Networks Company Profile

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.