Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim Sells 16,100 Shares

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, November 14th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The shares were sold at an average price of $26.35, for a total value of $142,290.00.
  • 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.
  • On Wednesday, August 30th, Rami Rahim sold 16,000 shares of Juniper Networks stock. The stock was sold at an average price of $27.43, for a total value of $438,880.00.

Juniper Networks, Inc. (NYSE:JNPR) opened at $28.38 on Friday. The stock has a market capitalization of $10,408.01, a PE ratio of 15.25, a P/E/G ratio of 2.21 and a beta of 1.09. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.58 EPS. Juniper Networks’s revenue was down 2.1% on a year-over-year basis. equities analysts forecast that Juniper Networks, Inc. will post 1.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is currently 23.26%.

A number of equities research analysts have issued reports on the company. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS decreased their target price on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a report on Thursday. William Blair reiterated a “hold” rating on shares of Juniper Networks in a report on Wednesday, October 25th. Finally, BMO Capital Markets cut their price target on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Juniper Networks has an average rating of “Hold” and an average target price of $29.42.

A number of institutional investors and hedge funds have recently modified their holdings of JNPR. Bank of Montreal Can boosted its holdings in Juniper Networks by 8.4% during the second quarter. Bank of Montreal Can now owns 184,541 shares of the network equipment provider’s stock worth $5,146,000 after buying an additional 14,368 shares during the last quarter. Creative Planning raised its position in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. State of Alaska Department of Revenue raised its position in shares of Juniper Networks by 26.4% during the second quarter. State of Alaska Department of Revenue now owns 19,234 shares of the network equipment provider’s stock worth $536,000 after purchasing an additional 4,020 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Juniper Networks by 579.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 62,015 shares of the network equipment provider’s stock worth $1,729,000 after purchasing an additional 52,886 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Juniper Networks by 2.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock worth $2,858,000 after purchasing an additional 2,400 shares during the period. Hedge funds and other institutional investors own 90.96% of the company’s stock.

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Juniper Networks Company Profile

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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