Insider Selling: Juniper Networks, Inc. (NYSE:JNPR) Director Sells 900 Shares of Stock
Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) Director Anne Delsanto sold 900 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.37, for a total transaction of $25,533.00. Following the completion of the sale, the director now owns 25,643 shares of the company’s stock, valued at approximately $727,491.91. The transaction was disclosed in a filing with the SEC, which is available through this link.
Anne Delsanto also recently made the following trade(s):
On Wednesday, November 1st, Anne Delsanto sold 900 shares of Juniper Networks stock. The stock was sold at an average price of $26.95, for a total transaction of $24,255.00. On Monday, October 2nd, Anne Delsanto sold 900 shares of Juniper Networks stock. The stock was sold at an average price of $27.73, for a total transaction of $24,957.00. Juniper Networks Stock Performance
NYSE JNPR traded up $0.12 during trading on Friday, hitting $28.58. 3,641,719 shares of the company’s stock traded hands, compared to its average volume of 3,707,289. Juniper Networks, Inc. has a 12-month low of $24.87 and a 12-month high of $34.53. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.29 and a current ratio of 1.73. The business has a 50 day moving average of $26.80 and a 200-day moving average of $28.56.
Juniper Networks (NYSE:JNPR – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The network equipment provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Juniper Networks had a net margin of 6.48% and a return on equity of 12.52%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities research analysts anticipate that Juniper Networks, Inc. will post 1.59 earnings per share for the current fiscal year.
Juniper Networks Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s payout ratio is 78.57%.
Wall Street Analysts Forecast Growth
JNPR has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of Juniper Networks from $34.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of Juniper Networks in a report on Friday, October 27th. StockNews.com raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Juniper Networks from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $29.00 in a report on Monday, October 9th. Finally, Morgan Stanley cut their price target on shares of Juniper Networks from $28.00 to $27.00 and set an “underweight” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.00.
View Our Latest Stock Report on Juniper Networks
Institutional Investors Weigh In On Juniper Networks
A number of institutional investors and hedge funds have recently modified their holdings of JNPR. Halpern Financial Inc. purchased a new stake in shares of Juniper Networks in the second quarter worth about $25,000. Ronald Blue Trust Inc. increased its position in shares of Juniper Networks by 74.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after purchasing an additional 456 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Juniper Networks by 92.1% in the second quarter. Farther Finance Advisors LLC now owns 974 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 467 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Juniper Networks in the first quarter worth approximately $46,000. Finally, Tobam bought a new position in shares of Juniper Networks in the second quarter worth approximately $55,000. 87.79% of the stock is owned by hedge funds and other institutional investors.
About Juniper Networks (Get Free Report)
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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