Juniper Networks, Inc. (NYSE:JNPR) Director Sells $240,000.00 in Stock

Juniper Networks, Inc. (NYSE:JNPR) Director William Stensrud sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

JNPR stock traded down $0.07 during trading on Thursday, hitting $23.79. The company had a trading volume of 3,167,122 shares, compared to its average volume of 3,405,364. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $26.10 and a 200-day moving average price of $26.51. Juniper Networks, Inc. has a 12 month low of $23.34 and a 12 month high of $30.80. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.08 and a beta of 0.92.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $0.48 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts expect that Juniper Networks, Inc. will post 1.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, September 3rd. Juniper Networks’s payout ratio is 55.88%.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Juniper Networks by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after purchasing an additional 444,273 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Juniper Networks in the first quarter valued at $247,000. Nisa Investment Advisors LLC lifted its position in shares of Juniper Networks by 60.6% in the first quarter. Nisa Investment Advisors LLC now owns 63,858 shares of the network equipment provider’s stock valued at $1,690,000 after acquiring an additional 24,102 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Juniper Networks by 16.5% in the first quarter. IFM Investors Pty Ltd now owns 25,383 shares of the network equipment provider’s stock valued at $672,000 after acquiring an additional 3,590 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in shares of Juniper Networks by 1.0% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 239,035 shares of the network equipment provider’s stock valued at $6,327,000 after acquiring an additional 2,420 shares in the last quarter. Institutional investors own 91.94% of the company’s stock.

Several research analysts have recently commented on JNPR shares. Citigroup downgraded Juniper Networks from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $28.00 to $24.00 in a report on Monday, July 8th. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Barclays started coverage on Juniper Networks in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price on the stock. Raymond James set a $30.00 target price on Juniper Networks and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $27.00 in a report on Wednesday, June 12th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.57.

Juniper Networks Company Profile

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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