Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $25.13, for a total transaction of $175,910.00. Following the completion of the sale, the chief financial officer now owns 70,333 shares in the company, valued at $1,767,468.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
JNPR stock traded up $0.03 during mid-day trading on Thursday, hitting $25.99. 83,468 shares of the company were exchanged, compared to its average volume of 3,248,273. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.13 and a current ratio of 2.24. The firm has a market cap of $8.62 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.47 and a beta of 0.99. The firm’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $25.48. Juniper Networks, Inc. has a 1-year low of $22.42 and a 1-year high of $30.80.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, October 24th. The network equipment provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts predict that Juniper Networks, Inc. will post 1.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.76 annualized dividend and a dividend yield of 2.92%. Juniper Networks’s dividend payout ratio is currently 55.88%.
Juniper Networks declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Juniper Networks by 12.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 136,312 shares of the network equipment provider’s stock worth $3,630,000 after acquiring an additional 15,608 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of Juniper Networks in the second quarter valued at $27,000. California Public Employees Retirement System grew its stake in shares of Juniper Networks by 14.2% in the second quarter. California Public Employees Retirement System now owns 2,635,951 shares of the network equipment provider’s stock valued at $70,195,000 after buying an additional 328,049 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Juniper Networks by 8.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 52,295 shares of the network equipment provider’s stock valued at $1,432,000 after buying an additional 4,257 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Juniper Networks by 26.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,377 shares of the network equipment provider’s stock valued at $1,581,000 after buying an additional 12,587 shares in the last quarter. 90.41% of the stock is owned by institutional investors.
A number of analysts recently weighed in on JNPR shares. Raymond James set a $29.00 price target on shares of Juniper Networks and gave the company a “buy” rating in a research report on Friday, September 6th. Oppenheimer set a $29.00 target price on shares of Juniper Networks and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI began coverage on shares of Juniper Networks in a report on Wednesday, September 11th. They set an “inline” rating and a $26.00 target price on the stock. Rosenblatt Securities set a $25.00 target price on shares of Juniper Networks and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.13.
About Juniper Networks
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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