Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Juniper Networks Inc. shares valued at $175,167 were sold by rahim rami on Aug 03. At $28.03 per share, rahim rami sold 6,250 shares. The insider’s holdings dropped to 838,735 shares worth approximately $23.42 million following the completion of this transaction.
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Also, rahim rami sold 6,250 shares, netting a total of over 173,372 in proceeds. Following the sale of shares at $27.74 each, the insider now holds 844,985 shares.
Before that, rahim rami had sold 6,250 shares from its account. In a trade valued at $175,069, the Chief Executive Officer traded Juniper Networks Inc. shares for $28.01 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $23.77 million.
As published in a research note from BofA Securities on July 20, 2022, Juniper Networks Inc. [JNPR] has been rated down from a Buy to an Underperform and the price target has been revised to $32 from $40. This represents a 12.75% premium over Thursday’s closing price. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid July. As of July 13, 2022, Rosenblatt has initiated its “Neutral” rating for JNPR. Earlier on July 13, 2022, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for JNPR stock which previously was a “a Neutral”.
Analyzing JNPR’s Price Performance
On Thursday, Juniper Networks Inc. [NYSE: JNPR] plunged -1.03% to $27.92. The stock’s lowest price that day was $27.805, but it reached a high of $28.315 in the same session. During the last five days, there has been a drop of approximately -0.29%. Over the course of the year, Juniper Networks Inc. shares have dropped approximately -21.81%. Shares of the company reached a 52-week high of $38.14 on 03/31/22 and a 52-week low of $26.20 on 07/27/22. A 50-day SMA is recorded $28.87, while a 200-day SMA reached $32.13. Nevertheless, trading volume fell to 2.86 million shares from 2.74 million shares the previous day.
Support And Resistance Levels for Juniper Networks Inc. (JNPR)
According to the 24-hour chart, there is a support level at 27.71, which, if violated, would cause prices to drop to 27.50. In the upper region, resistance lies at 28.22. The next price resistance is at 28.52. RSI (Relative Strength Index) is 44.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 45.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Juniper Networks Inc. subject to short interest?
Stocks of Juniper Networks Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.06 million shares to 12.86 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.8 million shares. A jump of 8.24% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.05 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.05.
Which companies own the most shares of Juniper Networks Inc. (JNPR)?
According to Dodge & Cox filings, the company currently owns 43,056,326 shares, which is about 13.33% of the total JNPR shares outstanding. The investor’s shares have plunged by -1,378,090 from its previous 13-F filing of 44434416.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,040,158,230. BlackRock Fund Advisors reduced a -1.71% interest valued at $611.0 million while SSgA Funds Management, Inc. sold a -176,237 stake. A total of -777,111 shares of Juniper Networks Inc. were sold by First Trust Advisors LP during the quarter, and 4,474,402 were bought by TIAA-CREF Investment Management L. In its current portfolio, Geode Capital Management LLC holds 6,497,672 shares valued at $185.18 million.
In terms of Juniper Networks Inc. share price expectations, FactSet research, analysts set an average price target of $33.28 in the next 12 months, up nearly 15.21% from the previous closing price of $28.21. Analysts anticipate Juniper Networks Inc. stock to reach $42.00 by 2022, with the lowest price target being $26.00. In spite of this, 19 analysts ranked Juniper Networks Inc. stock as a Hold at the end of 2022. On April 12, 2022, Citigroup assigned a price target of “a Neutral” to the stock and upgraded coverage with a $36.