Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller Sells 40,000 Shares of Stock

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,435 shares in the company, valued at $1,059,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kenneth Bradley Miller also recently made the following trade(s):

• On Wednesday, May 15th, Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock. The stock was sold at an average price of $34.47, for a total value of $517,050.00.

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $36.75 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm has a market cap of $11.94 billion, a PE ratio of 53.26, a PEG ratio of 9.50 and a beta of 0.95. The company has a fifty day moving average price of $35.14 and a 200 day moving average price of $35.46. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $38.04.

Juniper Networks (NYSE:JNPR) last released its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. Research analysts predict that Juniper Networks, Inc. will post 1.08 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Monday, June 3rd. Juniper Networks’s payout ratio is 127.54%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JNPR. StockNews.com assumed coverage on Juniper Networks in a research report on Friday. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, June 18th. Finally, Barclays upped their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mariner LLC grew its holdings in shares of Juniper Networks by 2.9% in the 3rd quarter. Mariner LLC now owns 22,700 shares of the network equipment provider’s stock valued at $631,000 after acquiring an additional 641 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Juniper Networks by 69.3% during the 3rd quarter. Stifel Financial Corp now owns 83,014 shares of the network equipment provider’s stock worth $2,307,000 after purchasing an additional 33,974 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Juniper Networks by 297.7% during the 3rd quarter. Federated Hermes Inc. now owns 14,513 shares of the network equipment provider’s stock worth $403,000 after purchasing an additional 10,864 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Juniper Networks by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 148,314 shares of the network equipment provider’s stock valued at $4,122,000 after buying an additional 548 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Juniper Networks by 19.4% in the third quarter. Tower Research Capital LLC TRC now owns 11,721 shares of the network equipment provider’s stock valued at $326,000 after buying an additional 1,906 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

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.