Juniper Networks Target of Unusually High Options Trading (JNPR)
Juniper Networks, Inc. (NYSE:JNPR) was the target of unusually large options trading on Tuesday. Investors acquired 1,493 call options on the company. This represents an increase of 729% compared to the typical daily volume of 180 call options.
A number of analysts have recently weighed in on JNPR shares. Instinet reiterated a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a research report on Thursday, April 6th. Goldman Sachs Group Inc raised their target price on Juniper Networks from $31.00 to $36.00 and gave the company a “conviction-buy” rating in a research report on Monday, March 27th. Berenberg Bank assumed coverage on Juniper Networks in a research report on Tuesday, April 4th. They issued a “buy” rating and a $35.00 target price on the stock. Cowen and Company restated a “market perform” rating and issued a $30.00 target price on shares of Juniper Networks in a research report on Saturday, March 11th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $30.00 target price (up from $27.00) on shares of Juniper Networks in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.06.
In other news, Director Pradeep Sindhu sold 76,900 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the sale, the director now directly owns 40,773 shares in the company, valued at approximately $1,244,799.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 13,792 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $28.36, for a total value of $391,141.12. Following the sale, the executive vice president now owns 4,597 shares in the company, valued at $130,370.92. The disclosure for this sale can be found here. Insiders have sold a total of 188,892 shares of company stock worth $5,728,423 over the last quarter. Insiders own 3.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in JNPR. Capital Guardian Trust Co. raised its position in shares of Juniper Networks by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 3,645 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 77 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock valued at $127,000 after buying an additional 2,868 shares during the period. Acrospire Investment Management LLC raised its position in shares of Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock valued at $130,000 after buying an additional 4,189 shares during the period. Intellectus Partners LLC purchased a new position in shares of Juniper Networks during the fourth quarter valued at about $190,000. Finally, Menta Capital LLC purchased a new position in shares of Juniper Networks during the first quarter valued at about $205,000. 85.69% of the stock is owned by institutional investors.
Shares of Juniper Networks (JNPR) opened at 29.49 on Friday. Juniper Networks has a 12-month low of $21.17 and a 12-month high of $30.96. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 18.65 and a beta of 1.23. The stock has a 50 day moving average price of $29.72 and a 200-day moving average price of $28.32.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Juniper Networks had a net margin of 12.05% and a return on equity of 13.19%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. Equities analysts anticipate that Juniper Networks will post $2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 30th. Juniper Networks’s dividend payout ratio (DPR) is 25.81%.
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Juniper Networks Company Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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