Kenneth Bradley Miller Sells 28,669 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 28,669 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the sale, the chief financial officer now owns 56,107 shares of the company’s stock, valued at $2,049,588.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, July 1st, Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock. The shares were sold at an average price of $36.50, for a total value of $1,460,000.00.
• On Thursday, June 27th, Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock. The stock was sold at an average price of $36.00, for a total value of $1,440,000.00.
• 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 transaction of $517,050.00.

Juniper Networks Trading Down 0.6 %

JNPR opened at $36.35 on Friday. Juniper Networks, Inc. has a 12 month low of $24.87 and a 12 month high of $38.04. The stock has a fifty day moving average price of $35.20 and a 200-day moving average price of $35.52. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 52.68, a PEG ratio of 9.53 and a beta of 0.95. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last released its quarterly 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). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, equities research analysts anticipate that Juniper Networks, Inc. will post 1.08 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, June 3rd. Juniper Networks’s dividend payout ratio is currently 127.54%.

Institutional Trading of Juniper Networks

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Juniper Networks by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider’s stock valued at $83,172,000 after buying an additional 54,735 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Juniper Networks by 2,096.4% during the fourth quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock valued at $13,212,000 after acquiring an additional 431,855 shares in the last quarter. Eisler Capital UK Ltd. purchased a new position in shares of Juniper Networks in the 4th quarter valued at approximately $816,000. Treasurer of the State of North Carolina boosted its stake in Juniper Networks by 20.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 178,219 shares of the network equipment provider’s stock worth $5,254,000 after purchasing an additional 29,905 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Juniper Networks by 43.9% during the 4th quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider’s stock worth $15,357,000 after purchasing an additional 158,913 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, June 18th. Barclays lifted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, StockNews.com started coverage on shares of Juniper Networks in a research note on Friday, June 28th. They issued a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average price target of $35.00.

Juniper Networks Company Profile

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.