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

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $34.86, for a total transaction of $193,647.30. Following the sale, the chief executive officer now directly owns 986,764 shares in the company, valued at $34,398,593.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were 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 stock was 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 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 transaction 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 transaction of $205,071.96.

Juniper Networks Stock Performance

NYSE:JNPR opened at $34.84 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $36.57 and a 200-day moving average of $33.09. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 8.72 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. Analysts forecast that Juniper Networks, Inc. will post 1.12 earnings per share for the current fiscal year.

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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts have commented on JNPR shares. Barclays upped their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a research report on Thursday, January 11th. StockNews.com initiated coverage on Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.55.

Hedge Funds Weigh In On Juniper Networks

Hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC acquired a new stake in shares of Juniper Networks during the third quarter valued at approximately $230,000. Xponance Inc. raised its stake in Juniper Networks by 5.6% during the 3rd quarter. Xponance Inc. now owns 50,799 shares of the network equipment provider’s stock valued at $1,412,000 after purchasing an additional 2,679 shares during the period. Dakota Wealth Management purchased a new stake in shares of Juniper Networks in the third quarter valued at $491,000. Forsta AP Fonden acquired a new stake in shares of Juniper Networks in the third quarter worth $2,407,000. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Juniper Networks by 3.8% during the third quarter. Miracle Mile Advisors LLC now owns 16,941 shares of the network equipment provider’s stock valued at $471,000 after buying an additional 628 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.