Juniper Networks, Inc. (NYSE:JNPR) CFO Sells 15,000 Shares

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total value of $517,050.00. Following the completion of the transaction, the chief financial officer now owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Juniper Networks Stock Up 0.3 %

NYSE JNPR traded up $0.12 on Thursday, hitting $34.70. 1,895,930 shares of the stock traded hands, compared to its average volume of 4,514,677. The company has a market capitalization of $11.28 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 8.68 and a beta of 0.98. The stock has a 50-day moving average of $36.14 and a 200 day moving average of $33.65. 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, Inc. has a twelve month low of $24.87 and a twelve month high of $38.04.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Monday, June 3rd. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Juniper Networks in a report on Saturday, May 11th. They issued 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. Finally, Barclays increased their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $34.55.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JNPR. TD Asset Management Inc raised its stake in Juniper Networks by 2.4% during the third quarter. TD Asset Management Inc now owns 125,888 shares of the network equipment provider’s stock worth $3,498,000 after acquiring an additional 3,000 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Juniper Networks by 439.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 425,598 shares of the network equipment provider’s stock worth $11,827,000 after purchasing an additional 346,748 shares during the period. Alaska Permanent Fund Corp raised its position in shares of Juniper Networks by 1.2% during the 3rd quarter. Alaska Permanent Fund Corp now owns 155,070 shares of the network equipment provider’s stock worth $4,309,000 after purchasing an additional 1,804 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Juniper Networks by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 16,730 shares of the network equipment provider’s stock worth $465,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Juniper Networks by 6.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 26,715 shares of the network equipment provider’s stock valued at $742,000 after purchasing an additional 1,624 shares during the period. 91.95% of the stock is currently owned by institutional investors.

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.