Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) saw some unusual options trading on Thursday. Stock traders bought 2,754 put options on the company. This is an increase of approximately 70% compared to the typical volume of 1,622 put options.
Insider Buying and Selling at Juniper Networks
In related news, Director Anne Delsanto sold 900 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $31.21, for a total value of $28,089.00. Following the sale, the director now directly owns 30,143 shares of the company’s stock, valued at approximately $940,763.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Rami Rahim sold 6,250 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $30.33, for a total value of $189,562.50. Following the transaction, the chief executive officer now owns 925,246 shares of the company’s stock, valued at approximately $28,062,711.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.21, for a total value of $28,089.00. Following the completion of the sale, the director now owns 30,143 shares of the company’s stock, valued at $940,763.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,700 shares of company stock valued at $829,719. 1.29% of the stock is owned by company insiders.
Hedge Funds Weigh In On Juniper Networks
Several hedge funds have recently made changes to their positions in JNPR. Exchange Traded Concepts LLC bought a new stake in shares of Juniper Networks during the second quarter valued at approximately $66,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in 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 last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Juniper Networks by 25.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 78,850 shares of the network equipment provider’s stock worth $2,470,000 after buying an additional 16,164 shares during the period. New Mexico Educational Retirement Board raised its holdings in Juniper Networks by 4.7% during the second quarter. New Mexico Educational Retirement Board now owns 15,730 shares of the network equipment provider’s stock valued at $493,000 after acquiring an additional 700 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Juniper Networks by 14.7% in the second quarter. AdvisorNet Financial Inc now owns 22,430 shares of the network equipment provider’s stock worth $703,000 after buying an additional 2,870 shares in the last quarter. 88.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Juniper Networks Trading Down 1.0 %
NYSE JNPR opened at $29.93 on Friday. The business has a fifty day simple moving average of $30.46 and a 200 day simple moving average of $31.21. The firm has a market capitalization of $9.63 billion, a P/E ratio of 19.56, a PEG ratio of 2.34 and a beta of 0.93. The company has a current ratio of 1.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. Juniper Networks has a 12 month low of $25.18 and a 12 month high of $34.53.
Juniper Networks (NYSE:JNPR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Juniper Networks had a net margin of 9.10% and a return on equity of 11.82%. On average, analysts predict that Juniper Networks will post 1.71 EPS for the current fiscal year.
Juniper Networks Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.94%. The ex-dividend date was Wednesday, May 31st. Juniper Networks’s dividend payout ratio is presently 57.52%.
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.
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