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 Thursday, June 27th. The stock was sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,435 shares in the company, valued at $1,059,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kenneth Bradley Miller also recently made the following trade(s):

• On Wednesday, May 15th, Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock. The shares were sold at an average price of $34.47, for a total value of $517,050.00.

Juniper Networks Trading Down 0.5 %

NYSE JNPR opened at $36.57 on Wednesday. Juniper Networks, Inc. has a 1 year low of $24.87 and a 1 year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The company has a market capitalization of $11.88 billion, a PE ratio of 53.00, a P/E/G ratio of 9.50 and a beta of 0.95. The company has a fifty day moving average of $35.15 and a 200 day moving average of $35.51.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data 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. Research analysts forecast that Juniper Networks, Inc. will post 1.08 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. Juniper Networks’s payout ratio is 127.54%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Juniper Networks

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Juniper Networks during the fourth quarter valued at $28,000. Hartford Financial Management Inc. boosted its stake in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 330 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Juniper Networks in the 4th quarter valued at about $35,000. Blue Trust Inc. raised its holdings in Juniper Networks by 34.4% in the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Juniper Networks in the 1st quarter worth about $43,000. 91.95% of the stock is owned by hedge funds and other 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.