Insider Selling: Juniper Networks, Inc. (NYSE:JNPR) CEO Sells $193,647.30 in Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $34.86, for a total value of $193,647.30. Following the transaction, the chief executive officer now directly owns 986,764 shares in the company, valued at approximately $34,398,593.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rami Rahim also recently made the following trade(s):

• On Wednesday, May 1st, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $34.83, for a total value of $193,480.65.
• On Friday, April 5th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.06, for a total value of $205,868.30.
• On Wednesday, April 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.04, for a total transaction of $205,757.20.
• On Wednesday, March 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.43, for a total transaction of $207,923.65.
• On Monday, March 4th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.53, for a total transaction of $208,479.15.
• On Wednesday, February 7th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The shares were sold at an average price of $37.10, for a total transaction of $206,127.60.
• On Monday, February 5th, Rami Rahim sold 5,556 shares of Juniper Networks stock. The stock was sold at an average price of $36.91, for a total value of $205,071.96.

Juniper Networks Stock Performance

NYSE:JNPR opened at $34.84 on Monday. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04. The stock has a market cap of $11.32 billion, a P/E ratio of 50.49, a PEG ratio of 8.76 and a beta of 0.98. 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 $36.57 and a two-hundred day moving average of $33.14.

Juniper Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Hedge Funds Weigh In On Juniper Networks

Institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC acquired a new stake in Juniper Networks in the third quarter valued at $230,000. Xponance Inc. lifted its position in shares of Juniper Networks by 5.6% during the third quarter. Xponance Inc. now owns 50,799 shares of the network equipment provider’s stock worth $1,412,000 after purchasing an additional 2,679 shares during the last quarter. Dakota Wealth Management acquired a new position in Juniper Networks in the third quarter worth about $491,000. Forsta AP Fonden bought a new stake in Juniper Networks in the third quarter valued at about $2,407,000. Finally, Miracle Mile Advisors LLC raised its stake in Juniper Networks by 3.8% during the third quarter. Miracle Mile Advisors LLC now owns 16,941 shares of the network equipment provider’s stock valued at $471,000 after buying an additional 628 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on JNPR shares. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, January 11th. Rosenblatt Securities raised their target price on shares of Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Barclays upped their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.55.

Juniper Networks Company Profile

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.