Juniper Networks, Inc. (NYSE:JNPR) VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at 27.41 on Friday. Juniper Networks, Inc. has a 1-year low of $22.40 and a 1-year high of $30.96. The company’s 50-day moving average is $28.45 and its 200 day moving average is $28.54. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 16.40 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
Several research analysts recently commented on the stock. Standpoint Research downgraded shares of Juniper Networks from a “buy” rating to a “reduce” rating in a report on Wednesday, May 3rd. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price target (up from $27.00) on shares of Juniper Networks in a report on Saturday, April 29th. KeyCorp assumed coverage on shares of Juniper Networks in a report on Monday, June 5th. They issued a “hold” rating and a $31.00 price target for the company. Finally, Pacific Crest began coverage on shares of Juniper Networks in a report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price target for the company. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus target price of $30.89.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its position in Juniper Networks by 6.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,591,628 shares of the network equipment provider’s stock worth $44,980,000 after buying an additional 90,753 shares during the period. Teachers Advisors LLC increased its position in Juniper Networks by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 1,107,844 shares of the network equipment provider’s stock worth $31,308,000 after buying an additional 59,052 shares during the period. Kentucky Retirement Systems acquired a new position in Juniper Networks during the fourth quarter worth approximately $780,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Juniper Networks during the fourth quarter worth approximately $348,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in Juniper Networks by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 329,291 shares of the network equipment provider’s stock worth $9,164,000 after buying an additional 11,163 shares during the period. 91.15% of the stock is currently owned by institutional investors and hedge funds.
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, the Middle East and Africa, and Asia Pacific.
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