Insider Buying: Juniper Networks, Inc. (JNPR) Director Acquires 2,000 Shares of Stock
Juniper Networks, Inc. (NYSE:JNPR) Director Rahul N. Merchant purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the transaction, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Juniper Networks, Inc. (NYSE JNPR) traded down $0.35 during trading hours on Monday, hitting $25.00. The stock had a trading volume of 7,274,300 shares, compared to its average volume of 4,918,605. Juniper Networks, Inc. has a 52-week low of $23.87 and a 52-week high of $30.96. The stock has a market cap of $9,373.21, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.58 EPS. The company’s quarterly revenue was down 2.1% on a year-over-year basis. analysts forecast that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
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Several analysts have commented on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, July 28th. BidaskClub raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Citigroup Inc. decreased their price target on shares of Juniper Networks from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. Finally, Nomura lowered shares of Juniper Networks from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $27.00 in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $29.61.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Juniper Networks by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after buying an additional 2,314,683 shares in the last quarter. Dodge & Cox lifted its position in shares of Juniper Networks by 0.4% during the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Juniper Networks by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after buying an additional 1,386,036 shares in the last quarter. First Trust Advisors LP lifted its holdings in Juniper Networks by 1.3% in the 3rd quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after purchasing an additional 91,809 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Juniper Networks by 25.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock valued at $188,804,000 after purchasing an additional 1,375,394 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.
About Juniper Networks
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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