Vincent Molinaro Sells 5,031 Shares of Juniper Networks, Inc. (JNPR) Stock
Juniper Networks, Inc. (NYSE:JNPR) EVP Vincent Molinaro sold 5,031 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Juniper Networks, Inc. (JNPR) traded down 0.89% during trading on Thursday, hitting $27.81. 8,122,346 shares of the company were exchanged. The company’s 50-day moving average price is $28.75 and its 200 day moving average price is $28.53. Juniper Networks, Inc. has a 12 month low of $22.12 and a 12 month high of $30.96. The stock has a market cap of $10.63 billion, a P/E ratio of 17.59 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.25%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
A number of brokerages have issued reports on JNPR. Instinet reissued a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a research report on Thursday, April 6th. Berenberg Bank began 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. Drexel Hamilton reissued a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a research report on Monday. Finally, Cowen and Company boosted their target price on Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.40.
A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Juniper Networks during the first quarter valued at about $423,000. NN Investment Partners Holdings N.V. increased its stake in Juniper Networks by 47.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock valued at $13,239,000 after buying an additional 152,412 shares during the period. Fox Run Management L.L.C. purchased a new stake in Juniper Networks during the second quarter valued at about $719,000. Oregon Public Employees Retirement Fund increased its stake in Juniper Networks by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after buying an additional 2,400 shares during the period. Finally, Norinchukin Bank The increased its stake in Juniper Networks by 7.6% in the first quarter. Norinchukin Bank The now owns 24,823 shares of the network equipment provider’s stock valued at $691,000 after buying an additional 1,751 shares during the last quarter. 89.61% of the stock is currently owned by hedge funds and other institutional investors.
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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