Juniper Networks, Inc. (NYSE:JNPR) Shares Sold by Oak Thistle LLC

Oak Thistle LLC reduced its stake in shares of Juniper Networks, Inc. (NYSE:JNPR) by 88.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,662 shares of the network equipment provider’s stock after selling 57,892 shares during the period. Oak Thistle LLC’s holdings in Juniper Networks were worth $284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of Juniper Networks during the 4th quarter valued at about $28,000. Hartford Financial Management Inc. increased its stake in 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 buying an additional 330 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Juniper Networks during the 4th quarter worth approximately $35,000. Blue Trust Inc. increased its stake in Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Juniper Networks by 90.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,531 shares of the network equipment provider’s stock worth $45,000 after buying an additional 729 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total transaction of $205,757.20. Following the sale, the chief executive officer now owns 1,014,539 shares of the company’s stock, valued at $37,578,524.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $37.04, for a total value of $205,757.20. Following the transaction, the chief executive officer now owns 1,014,539 shares of the company’s stock, valued at $37,578,524.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth Bradley Miller sold 40,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $36.00, for a total value 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 approximately $1,059,660. The disclosure for this sale can be found here. Insiders have sold a total of 88,330 shares of company stock valued at $3,148,320 over the last quarter. 1.28% of the stock is owned by company insiders.

Analyst Ratings Changes

JNPR has been the subject of several research reports. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, June 18th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Barclays boosted their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, StockNews.com started coverage on Juniper Networks in a report on Friday. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Juniper Networks Trading Up 0.8 %

JNPR traded up $0.29 during trading hours on Monday, reaching $36.75. The company’s stock had a trading volume of 1,252,250 shares, compared to its average volume of 3,993,951. Juniper Networks, Inc. has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The stock has a market cap of $11.94 billion, a PE ratio of 53.26, a P/E/G ratio of 9.50 and a beta of 0.95. The business’s 50-day moving average is $35.14 and its 200-day moving average is $35.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. As a group, equities research analysts predict that Juniper Networks, Inc. will post 1.08 earnings per share for the current fiscal year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, June 3rd. Juniper Networks’s payout ratio is 127.54%.

Juniper Networks Company Profile

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.