Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) CFO Kenneth Bradley Miller sold 28,669 shares of the business's stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total value of $1,047,278.57. Following the completion of the transaction, the chief financial officer now directly owns 56,107 shares of the company's stock, valued at approximately $2,049,588.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Kenneth Bradley Miller also recently made the following trade(s):
- On Monday, July 1st, Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock. The shares were sold at an average price of $36.50, for a total value of $1,460,000.00.
- On Thursday, June 27th, Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00.
- On Wednesday, May 15th, Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock. The shares were sold at an average price of $34.47, for a total value of $517,050.00.
Juniper Networks Stock Performance
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JNPR opened at $36.35 on Thursday. Juniper Networks, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04. The firm has a market capitalization of $11.81 billion, a PE ratio of 52.68, a PEG ratio of 9.53 and a beta of 0.95. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average price is $35.17 and its 200 day moving average price is $35.52.
Juniper Networks (NYSE:JNPR - Get Free Report) last issued its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.
Juniper Networks Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date was Monday, June 3rd. Juniper Networks's payout ratio is currently 127.54%.
Analyst Ratings Changes
Several analysts have commented on JNPR shares. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a report on Friday, April 26th. StockNews.com started coverage on Juniper Networks in a research report on Friday, June 28th. They set a "hold" rating on the stock. Barclays boosted their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an "equal weight" rating in a report on Friday, April 26th. Finally, Argus raised shares of Juniper Networks from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Tuesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.00.
Check Out Our Latest Report on Juniper Networks
Institutional Trading of Juniper Networks
A number of hedge funds and other institutional investors have recently modified their holdings of JNPR. Vanguard Group Inc. grew its holdings in shares of Juniper Networks by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider's stock valued at $1,212,417,000 after purchasing an additional 137,652 shares during the period. First Trust Advisors LP raised its position in shares of Juniper Networks by 3.9% during the 4th quarter. First Trust Advisors LP now owns 13,230,251 shares of the network equipment provider's stock valued at $390,028,000 after buying an additional 495,037 shares during the period. Legal & General Group Plc lifted its holdings in Juniper Networks by 3.8% in the third quarter. Legal & General Group Plc now owns 5,982,734 shares of the network equipment provider's stock valued at $166,260,000 after acquiring an additional 219,860 shares during the last quarter. Norges Bank purchased a new position in Juniper Networks in the fourth quarter worth approximately $136,778,000. Finally, American Century Companies Inc. grew its position in Juniper Networks by 4.6% in the third quarter. American Century Companies Inc. now owns 4,047,880 shares of the network equipment provider's stock worth $112,491,000 after acquiring an additional 176,253 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.
Juniper Networks Company Profile
(
Get Free Report)
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.
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