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

Juniper Networks, Inc. (NYSE:JNPRGet Free Report) CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $35.17, for a total value of $195,369.35. Following the completion of the sale, the chief executive officer now owns 981,209 shares in the company, valued at $34,509,120.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, June 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $35.49, for a total value of $197,146.95.
  • 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 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 transaction of $205,757.20.

Juniper Networks Stock Performance

Juniper Networks stock opened at $35.55 on Friday. The company has a market cap of $11.55 billion, a PE ratio of 51.52, a PEG ratio of 9.23 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $38.04. The company’s 50-day moving average is $35.50 and its two-hundred day moving average is $34.49.

Juniper Networks (NYSE:JNPRGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Equities analysts anticipate that Juniper Networks, Inc. will post 1.08 earnings per share for the current year.

Juniper Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a $0.22 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Wall Street Analysts Forecast Growth

JNPR has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Juniper Networks in a report on Tuesday. They set a “hold” rating for the company. Barclays raised their price target on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks 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 stock. According to data from MarketBeat, Juniper Networks currently has an average rating of “Hold” and an average target price of $34.55.

Get Our Latest Analysis on Juniper Networks

Institutional Investors Weigh In On Juniper Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its position in shares of Juniper Networks by 4.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock worth $1,286,000 after buying an additional 2,134 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Juniper Networks by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock worth $83,172,000 after acquiring an additional 54,735 shares during the last quarter. Nordea Investment Management AB grew its holdings in Juniper Networks by 2,096.4% during the fourth quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after purchasing an additional 431,855 shares during the period. Eisler Capital UK Ltd. bought a new stake in Juniper Networks in the fourth quarter valued at approximately $816,000. Finally, Treasurer of the State of North Carolina raised its holdings in Juniper Networks by 20.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock worth $5,254,000 after purchasing an additional 29,905 shares during the period. Institutional investors own 91.95% of the company’s stock.

About Juniper Networks

(Get Free Report)

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.

Further Reading

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

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