November 23, 2016 - By Vivian Park
Director, Pradeep Sindhu is the Juniper Networks Inc’s insider which made a sale of shares of Juniper Networks Inc, 76,900 to be exact. The company’s shares were based on a market price per share of $26.4, with the insider transaction having a market value of $2,026,773 U.S. Dollars. In the last month, he also unloaded 230,700 shares worth about $5,883,948 USD. Today, he owns a total of 4.40 million shares or 1.16% of Juniper Networks Inc’s market cap. It is an important transaction and hence it will possibly not remain unseen.
Out of 18 analysts covering Juniper Networks Inc. (NYSE:JNPR), 7 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 39% are positive. $36 is the highest target while $22 is the lowest. The $30.08 average target is 13.98% above today’s ($26.39) stock price. Juniper Networks Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Juniper Networks, Inc. (NYSE:JNPR) has “Market Perform” rating given on Monday, May 23 by William Blair. Bernstein downgraded the shares of JNPR in a report on Tuesday, January 5 to “Mkt Perform” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 5. On Tuesday, January 5 the stock rating was downgraded by Oppenheimer to “Perform”. The company was maintained on Wednesday, November 16 by Goldman Sachs. As per Tuesday, January 5, the company rating was upgraded by Deutsche Bank. Oppenheimer maintained the shares of JNPR in a report on Saturday, September 5 with “Outperform” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 27 report. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 20. The stock has “Hold” rating given by Deutsche Bank on Wednesday, July 6.
Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.51, from 0.67 in 2016Q1. The ratio improved, as 72 funds sold all Juniper Networks, Inc. shares owned while 159 reduced positions. 38 funds bought stakes while 116 increased positions. They now own 323.27 million shares or 6.47% less from 345.64 million shares in 2016Q1.
Citadel Advisors Lc reported 989,191 shares or 0.02% of all its holdings. Advsr Asset Management holds 0% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR) for 1,600 shares. Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 3.16M shares. Robecosam Ag accumulated 8,050 shares or 0.02% of the stock. Pine River Cap Mgmt L P has invested 0.14% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR). Regions last reported 14,397 shares in the company. Cantab Partners Ltd Liability Partnership has 0% invested in the company for 6,384 shares. Capstone Ltd Liability owns 94,957 shares or 0.04% of their US portfolio. Swiss State Bank has invested 0.04% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR). Spot Trading Limited Liability Co reported 59 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys owns 667,308 shares or 0.05% of their US portfolio. Henderson Group Public Limited Company reported 45,284 shares or 0.01% of all its holdings. Moreover, Vanguard Gru has 0.05% invested in Juniper Networks, Inc. (NYSE:JNPR) for 32.52 million shares. Tokio Marine Asset Mgmt Communication owns 13,552 shares or 0.03% of their US portfolio. Amalgamated Natl Bank accumulated 17,149 shares or 0.02% of the stock.
Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 11 selling transactions for $28.00 million net activity. Shares for $2.01M were sold by SINDHU PRADEEP on Thursday, November 17. The insider Davidson Jonathan sold $1.28 million. Shares for $3,283 were sold by SPIDELL TERRANCE F on Wednesday, August 3. Molinaro Vincent had sold 47,859 shares worth $1.24 million on Wednesday, October 26. $234,325 worth of Juniper Networks, Inc. (NYSE:JNPR) was sold by DENUCCIO KEVIN A on Tuesday, August 16. rahim rami also sold $1.18 million worth of Juniper Networks, Inc. (NYSE:JNPR) on Wednesday, November 16. $17.60M worth of Juniper Networks, Inc. (NYSE:JNPR) shares were sold by KRIENS SCOTT.
The stock increased 0.15% or $0.04 during the last trading session, hitting $26.39. About 2.39M shares traded hands. Juniper Networks, Inc. (NYSE:JNPR) has risen 12.66% since April 21, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.
Juniper Networks, Inc. designs, develops and sells services and products for high-performance networks to enable clients to build networks for their businesses. The company has a market cap of $10.03 billion. The Firm sells its products in over 100 countries in three geographic regions: Americas; Europe, Middle East, and Africa , and Asia Pacific (APAC). It has a 17.05 P/E ratio. It sells its high-performance network products and service offerings across routing, switching and security.
According to Zacks Investment Research, “Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed, or purpose-built, for service provider networks and offer our customers increased reliability, performance, scalability, interoperability and flexibility, and reduced complexity and cost compared to current alternatives.”
Analysts await Juniper Networks, Inc. (NYSE:JNPR) to report earnings on January, 25. They expect $0.51 earnings per share, down 1.92% or $0.01 from last year’s $0.52 per share. JNPR’s profit will be $193.83M for 12.94 P/E if the $0.51 EPS becomes a reality. After $0.47 actual earnings per share reported by Juniper Networks, Inc. for the previous quarter, Wall Street now forecasts 8.51% EPS growth.
Another recent and important Juniper Networks, Inc. (NYSE:JNPR) news was published by Fool.com which published an article titled: “Why Juniper Networks, Inc. Stock Soared Today” on October 26, 2016.
Juniper Networks, Inc. (Juniper Networks), incorporated on September 10, 1997, designs, develops and sells services and products for high-performance networks to enable clients to build networks for their businesses. The Firm sells its products in over 100 countries in three geographic regions: Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The Firm sells its high-performance network products and service offerings across routing, switching and security. The Company’s products address network requirements for global service providers, cloud environments, enterprises, governments, and research and public sector organizations. In addition to its products, the Company offers its clients across the world services, including technical support, professional services, education and training programs.
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By Vivian Park