Juniper Networks, Inc. (NYSE:JNPR) SVP Brian Martin sold 44,154 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.72, for a total value of $1,135,640.88. Following the transaction, the senior vice president now owns 42,746 shares of the company’s stock, valued at $1,099,427.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE JNPR opened at $26.17 on Friday. The business has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $25.46. Juniper Networks, Inc. has a one year low of $22.42 and a one year high of $30.67. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.52 and a beta of 0.99. The company has a current ratio of 2.24, a quick ratio of 2.13 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Juniper Networks had a return on equity of 9.54% and a net margin of 8.35%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Juniper Networks, Inc. will post 1.23 earnings per share for the current fiscal year.

Juniper Networks announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, November 29th. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.

Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its position in Juniper Networks by 12.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 136,312 shares of the network equipment provider’s stock valued at $3,630,000 after acquiring an additional 15,608 shares during the period. NEXT Financial Group Inc bought a new stake in Juniper Networks in the second quarter valued at $27,000. California Public Employees Retirement System grew its position in Juniper Networks by 14.2% in the second quarter. California Public Employees Retirement System now owns 2,635,951 shares of the network equipment provider’s stock valued at $70,195,000 after acquiring an additional 328,049 shares during the period. DekaBank Deutsche Girozentrale grew its position in Juniper Networks by 8.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 52,295 shares of the network equipment provider’s stock valued at $1,432,000 after acquiring an additional 4,257 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Juniper Networks by 26.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,377 shares of the network equipment provider’s stock valued at $1,581,000 after acquiring an additional 12,587 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

A number of brokerages recently commented on JNPR. Rosenblatt Securities set a $25.00 target price on Juniper Networks and gave the company a “hold” rating in a research note on Tuesday, October 15th. Barclays began coverage on Juniper Networks in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price for the company. Nomura cut their target price on Juniper Networks from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Raymond James set a $29.00 target price on Juniper Networks and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Oppenheimer set a $29.00 target price on Juniper Networks and gave the company a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.13.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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