Traders Sell Juniper Networks (JNPR) on Strength on Insider Selling

Investors sold shares of Juniper Networks, Inc. (NYSE:JNPR) on strength during trading hours on Thursday after an insider sold shares in the company. $10.96 million flowed into the stock on the tick-up and $30.69 million flowed out of the stock on the tick-down, for a money net flow of $19.73 million out of the stock. Of all stocks tracked, Juniper Networks had the 0th highest net out-flow for the day. Juniper Networks traded up $0.05 for the day and closed at $27.24Specifically, EVP Bikash Koley sold 7,101 shares of Juniper Networks stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $25.00, for a total value of $177,525.00. Following the transaction, the executive vice president now directly owns 49,709 shares in the company, valued at approximately $1,242,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.00, for a total value of $182,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,033 shares of company stock worth $698,957. 1.40% of the stock is owned by insiders.

Several analysts have recently commented on JNPR shares. Oppenheimer set a $33.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Sunday, November 11th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, January 23rd. ValuEngine lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Wolfe Research lowered Juniper Networks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Finally, Citigroup boosted their price target on Juniper Networks from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 12th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.86.

The company has a current ratio of 2.49, a quick ratio of 2.47 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.38 billion, a PE ratio of 20.30, a P/E/G ratio of 3.30 and a beta of 0.82.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 29th. The network equipment provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.22 billion. Juniper Networks had a net margin of 12.20% and a return on equity of 10.47%. Equities analysts anticipate that Juniper Networks, Inc. will post 1.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a $0.19 dividend. This is an increase from Juniper Networks’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, February 28th. Juniper Networks’s payout ratio is 52.94%.

Several large investors have recently bought and sold shares of JNPR. Oregon Public Employees Retirement Fund boosted its stake in Juniper Networks by 3,660.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,325,540 shares of the network equipment provider’s stock valued at $161,000 after acquiring an additional 4,210,511 shares during the last quarter. LSV Asset Management increased its holdings in shares of Juniper Networks by 26.1% in the 3rd quarter. LSV Asset Management now owns 13,910,358 shares of the network equipment provider’s stock worth $416,893,000 after buying an additional 2,882,661 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Juniper Networks in the 4th quarter worth $70,194,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Juniper Networks by 345.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,515,828 shares of the network equipment provider’s stock worth $75,154,000 after buying an additional 1,950,960 shares during the last quarter. Finally, Dodge & Cox increased its holdings in shares of Juniper Networks by 4.9% in the 3rd quarter. Dodge & Cox now owns 41,586,457 shares of the network equipment provider’s stock worth $1,246,346,000 after buying an additional 1,933,700 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

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About Juniper Networks (NYSE:JNPR)

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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