Insider Selling: Juniper Networks, Inc. (NYSE:JNPR) CEO Sells 5,555 Shares of Stock

Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $34.86, for a total transaction of $193,647.30. Following the completion of the sale, the chief executive officer now owns 986,764 shares of the company’s stock, valued at $34,398,593.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 1st, Rami Rahim sold 5,555 shares of Juniper Networks stock. The stock was sold at an average price of $34.83, for a total transaction of $193,480.65.
• On Friday, April 5th, Rami Rahim sold 5,555 shares of Juniper Networks stock. The shares were 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 %

Shares of NYSE JNPR opened at $34.84 on Monday. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. The business has a fifty day moving average of $36.57 and a two-hundred day moving average of $33.14. The stock has a market cap of $11.32 billion, a PE ratio of 50.49, a PEG ratio of 8.76 and a beta of 0.98.

Juniper Networks Dividend Announcement

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

Institutional Trading of Juniper Networks

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Juniper Networks in the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. raised its position in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 330 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Juniper Networks in the first quarter worth $43,000. Johnson Financial Group Inc. bought a new stake in shares of Juniper Networks during the fourth quarter worth $35,000. Finally, Blue Trust Inc. increased its stake in shares of Juniper Networks by 34.4% in the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after buying an additional 368 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JNPR. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research report on Thursday, January 11th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Rosenblatt Securities upped their price target on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. StockNews.com started coverage on Juniper Networks in a report on Friday. They set a “hold” rating on the stock. Finally, KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company 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.