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

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the sale, the chief financial officer now owns 124,776 shares of the company’s stock, valued at $4,554,324. The transaction 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 Wednesday, July 3rd, Kenneth Bradley Miller sold 28,669 shares of Juniper Networks stock. The stock was sold at an average price of $36.53, for a total transaction of $1,047,278.57.
• 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 transaction 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 Stock Down 0.6 %

Shares of NYSE JNPR opened at $36.35 on Friday. The company’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $35.52. Juniper Networks, Inc. has a 52-week low of $24.87 and a 52-week high of $38.04. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 52.68, a price-to-earnings-growth ratio of 9.53 and a beta of 0.95. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (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 company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Equities analysts predict that Juniper Networks, Inc. will post 1.08 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were given a $0.22 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.42%. Juniper Networks’s dividend payout ratio (DPR) is 127.54%.

Analyst Ratings Changes

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

Institutional Trading of Juniper Networks

Several institutional investors have recently modified their holdings of JNPR. Norges Bank acquired a new position in Juniper Networks during the fourth quarter worth about $136,778,000. Pacer Advisors Inc. boosted its position in Juniper Networks by 11,418.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock worth $83,401,000 after acquiring an additional 2,804,509 shares during the last quarter. Magnetar Financial LLC acquired a new position in Juniper Networks during the first quarter worth about $86,494,000. Canada Pension Plan Investment Board boosted its position in Juniper Networks by 859.1% during the first quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock worth $31,016,000 after acquiring an additional 749,641 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Juniper Networks by 215.3% during the third quarter. AQR Capital Management LLC now owns 969,705 shares of the network equipment provider’s stock worth $26,948,000 after acquiring an additional 662,172 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

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.