Juniper Networks, Inc. (JNPR) Director Sells $552,000.00 in Stock
Juniper Networks, Inc. (NYSE:JNPR) Director William Stensrud sold 20,000 shares of Juniper Networks stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $27.60, for a total value of $552,000.00. Following the completion of the transaction, the director now owns 5,531 shares in the company, valued at approximately $152,655.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 28.09 on Friday. Juniper Networks, Inc. has a 12 month low of $21.18 and a 12 month high of $29.21. The company’s 50 day moving average price is $27.73 and its 200 day moving average price is $25.54. The stock has a market capitalization of $10.67 billion, a PE ratio of 18.12 and a beta of 1.23.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, January 26th. The network equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Juniper Networks had a return on equity of 13.19% and a net margin of 12.05%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post $2.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. Juniper Networks’s dividend payout ratio (DPR) is currently 25.81%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Juniper Networks by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,762 shares of the network equipment provider’s stock valued at $579,000 after buying an additional 246 shares during the period. Bbva Compass Bancshares Inc. increased its position in shares of Juniper Networks by 107.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 53,682 shares of the network equipment provider’s stock valued at $1,207,000 after buying an additional 27,850 shares during the period. Todd Asset Management LLC increased its position in shares of Juniper Networks by 41.6% in the second quarter. Todd Asset Management LLC now owns 539,931 shares of the network equipment provider’s stock valued at $12,143,000 after buying an additional 158,729 shares during the period. NCM Capital Advisers Inc. increased its position in shares of Juniper Networks by 41.3% in the second quarter. NCM Capital Advisers Inc. now owns 36,654 shares of the network equipment provider’s stock valued at $824,000 after buying an additional 10,720 shares during the period. Finally, Airain ltd bought a new position in shares of Juniper Networks during the second quarter valued at $5,160,000. Institutional investors own 85.69% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Friday, December 16th. Deutsche Bank AG lowered Juniper Networks from a “hold” rating to a “sell” rating and cut their target price for the company from $22.50 to $21.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Barclays PLC lifted their target price on Juniper Networks from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, January 26th. OTR Global upgraded Juniper Networks to a “positive” rating in a research note on Tuesday, December 13th. Finally, Instinet upgraded Juniper Networks from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $33.00 in a research note on Thursday, December 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Juniper Networks has an average rating of “Hold” and an average price target of $28.06.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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