Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total value of $1,440,000.00. Following the sale, the chief financial officer now directly owns 29,435 shares of the company’s stock, valued at approximately $1,059,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kenneth Bradley Miller also recently made the following trade(s):
- 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 Trading Up 0.8 %
Shares of NYSE JNPR opened at $36.75 on Tuesday. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The firm has a 50-day moving average of $35.14 and a 200 day moving average of $35.46. The stock has a market cap of $11.94 billion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 9.50 and a beta of 0.95.
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 2.39%. The ex-dividend date was Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is 127.54%.
Institutional Investors Weigh In On Juniper Networks
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Juniper Networks in the 4th quarter worth about $136,778,000. Pacer Advisors Inc. raised its holdings in Juniper Networks by 11,418.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock worth $83,401,000 after buying an additional 2,804,509 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Juniper Networks in the first quarter worth approximately $86,494,000. Canada Pension Plan Investment Board grew its holdings in shares of Juniper Networks by 859.1% during the first quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock valued at $31,016,000 after buying an additional 749,641 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Juniper Networks by 215.3% during the third quarter. AQR Capital Management LLC now owns 969,705 shares of the network equipment provider’s stock valued at $26,948,000 after acquiring an additional 662,172 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
JNPR has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, June 18th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Finally, StockNews.com initiated coverage on Juniper Networks in a research note on Friday. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
Get Our Latest Analysis on Juniper Networks
About Juniper Networks
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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