Kenneth Bradley Miller Sells 15,000 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $27.72, for a total value of $415,800.00. Following the sale, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $831,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Juniper Networks Stock Performance

Juniper Networks stock opened at $26.86 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.29. The firm has a market capitalization of $8.56 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $34.53. The company’s 50-day moving average is $27.06 and its 200 day moving average is $28.70.

Juniper Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 78.57%.

Hedge Funds Weigh In On Juniper Networks

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Juniper Networks by 1.2% in the first quarter. Vanguard Group Inc. now owns 37,812,549 shares of the network equipment provider’s stock valued at $1,405,114,000 after purchasing an additional 463,356 shares during the period. BlackRock Inc. grew its position in shares of Juniper Networks by 3.4% during the 2nd quarter. BlackRock Inc. now owns 35,586,752 shares of the network equipment provider’s stock worth $1,114,933,000 after buying an additional 1,160,174 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Juniper Networks by 98,625.6% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 23,598,372 shares of the network equipment provider’s stock valued at $739,337,000 after buying an additional 23,574,469 shares during the period. State Street Corp raised its holdings in shares of Juniper Networks by 10.9% in the second quarter. State Street Corp now owns 16,412,994 shares of the network equipment provider’s stock valued at $514,219,000 after acquiring an additional 1,613,651 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Juniper Networks by 6.3% in the first quarter. First Trust Advisors LP now owns 10,361,222 shares of the network equipment provider’s stock worth $356,633,000 after acquiring an additional 609,945 shares during the period. 87.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on JNPR shares. Morgan Stanley cut their target price on shares of Juniper Networks from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Piper Sandler reduced their price objective on Juniper Networks from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. Raymond James lowered their target price on Juniper Networks from $37.00 to $35.00 in a research report on Friday, July 28th. Citigroup lowered their price objective on Juniper Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.

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.