Juniper Networks, Inc. (NYSE:JNPR) SVP Robert Mobassaly Sells 4,286 Shares of Stock

Juniper Networks, Inc. (NYSE:JNPRGet Rating) SVP Robert Mobassaly sold 4,286 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $31.50, for a total transaction of $135,009.00. Following the sale, the senior vice president now directly owns 19,221 shares of the company’s stock, valued at $605,461.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Juniper Networks Trading Up 1.0 %

Shares of Juniper Networks stock opened at $31.87 on Tuesday. The stock has a market capitalization of $10.34 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.92. The company has a quick ratio of 1.42, a current ratio of 1.69 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $28.29 and a 200 day simple moving average of $28.78. Juniper Networks, Inc. has a 12-month low of $25.18 and a 12-month high of $38.14.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is currently 65.12%.

Analysts Set New Price Targets

JNPR has been the subject of a number of research reports. KeyCorp reduced their price target on shares of Juniper Networks from $46.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Morgan Stanley reduced their price target on shares of Juniper Networks from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, October 11th. Rosenblatt Securities increased their price target on shares of Juniper Networks from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, October 26th. UBS Group reduced their price target on shares of Juniper Networks from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Finally, Raymond James increased their price target on shares of Juniper Networks from $37.00 to $38.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.69.

Institutional Investors Weigh In On Juniper Networks

A number of hedge funds have recently made changes to their positions in JNPR. Daiwa Securities Group Inc. increased its position in Juniper Networks by 6.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 24,456 shares of the network equipment provider’s stock valued at $909,000 after acquiring an additional 1,483 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Juniper Networks in the 1st quarter valued at about $1,610,000. Mutual of America Capital Management LLC increased its position in Juniper Networks by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 43,409 shares of the network equipment provider’s stock valued at $1,613,000 after acquiring an additional 461 shares in the last quarter. Arizona State Retirement System increased its position in Juniper Networks by 2.2% in the 1st quarter. Arizona State Retirement System now owns 90,517 shares of the network equipment provider’s stock valued at $3,364,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Juniper Networks by 12.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 156,155 shares of the network equipment provider’s stock valued at $5,803,000 after acquiring an additional 17,532 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Juniper Networks Company Profile

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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.

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