Rami Rahim Sells 5,555 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $34.83, for a total transaction of $193,480.65. Following the sale, the chief executive officer now owns 997,874 shares of the company’s stock, valued at approximately $34,755,951.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $34.86, for a total transaction of $193,647.30.
• 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 transaction of $205,868.30.
• On Wednesday, April 3rd, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $37.04, for a total value of $205,757.20.
• On Wednesday, March 6th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were sold at an average price of $37.43, for a total value 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 value 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 value 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 transaction of $205,071.96.

Juniper Networks Stock Up 0.5 %

NYSE JNPR opened at $34.84 on Monday. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The company has a market capitalization 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’s 50 day simple moving average is $36.57 and its 200 day simple moving average is $33.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a $0.22 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. Juniper Networks’s dividend payout ratio is currently 127.54%.

Hedge Funds Weigh In On Juniper Networks

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Juniper Networks in the 4th quarter worth about $136,778,000. Pacer Advisors Inc. increased its position in shares of 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 acquiring an additional 2,804,509 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Juniper Networks by 276.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,257,447 shares of the network equipment provider’s stock valued at $34,944,000 after acquiring an additional 923,680 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Juniper Networks in the 3rd quarter valued at approximately $20,615,000. Finally, Bank of Nova Scotia lifted its position in shares of Juniper Networks by 487.6% in the 3rd quarter. Bank of Nova Scotia now owns 845,795 shares of the network equipment provider’s stock valued at $23,505,000 after acquiring an additional 701,856 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JNPR has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, April 26th. Barclays raised their target price on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. StockNews.com began coverage on Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Finally, Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $34.55.

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.