Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,881,320.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, August 29th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The shares were sold at an average price of $27.34, for a total value of $147,636.00.
  • On Monday, August 28th, Rami Rahim sold 5,300 shares of Juniper Networks stock. The shares were sold at an average price of $27.47, for a total value of $145,591.00.

Juniper Networks, Inc. (JNPR) traded up 1.13% during trading on Wednesday, reaching $27.64. The company had a trading volume of 2,508,867 shares. The firm’s 50-day moving average price is $28.29 and its 200 day moving average price is $28.56. Juniper Networks, Inc. has a one year low of $22.40 and a one year high of $30.96. The firm has a market capitalization of $10.51 billion, a P/E ratio of 16.54 and a beta of 1.07.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.

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Several research firms have commented on JNPR. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Wednesday, August 16th. Pacific Crest began coverage on Juniper Networks in a research report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price for the company. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Drexel Hamilton reiterated a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, UBS AG reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JNPR. BlackRock Inc. increased its stake in Juniper Networks by 2,310.0% in the first quarter. BlackRock Inc. now owns 25,175,402 shares of the network equipment provider’s stock worth $700,629,000 after buying an additional 24,130,800 shares during the last quarter. Numeric Investors LLC increased its stake in Juniper Networks by 3,949.6% in the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after buying an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC increased its stake in Juniper Networks by 197.7% in the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after buying an additional 3,604,200 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Juniper Networks by 40.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Juniper Networks by 260.0% in the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after buying an additional 2,437,006 shares during the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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

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