Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Juniper Networks Inc. shares valued at $27,675 were sold by DelSanto Anne on Mar 01. At $30.75 per share, DelSanto Anne sold 900 shares. The insider’s holdings dropped to 26,636 shares worth approximately $0.82 million following the completion of this transaction.
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Also, Mobassaly Robert sold 2,678 shares, netting a total of over 84,357 in proceeds. Following the sale of shares at $31.50 each, the insider now holds 21,899 shares.
Before that, DENUCCIO KEVIN A had sold 6,500 shares from its account. In a trade valued at $203,391, the Director traded Juniper Networks Inc. shares for $31.29 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $0.44 million.
As published in a research note from Raymond James on October 21, 2022, Juniper Networks Inc. [JNPR] has been rated up from an Outperform to a Strong buy and the price target has been revised to $37 from $36. This represents a 16.95% premium over Thursday’s closing price. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of July 20, 2022, BofA Securities has decreased its “Buy” rating to a “an Underperform” for JNPR. Earlier on July 14, 2022, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for JNPR stock which previously was a “a Neutral”.
Analyzing JNPR Stock Performance
On Thursday, Juniper Networks Inc. [NYSE: JNPR] rose 0.66% to $30.73. The stock’s lowest price that day was $30.325, but it reached a high of $30.76 in the same session. During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, Juniper Networks Inc. shares have dropped approximately -3.85%. Shares of the company reached a 52-week high of $33.08 on 01/04/23 and a 52-week low of $29.69 on 02/01/23. A 50-day SMA is recorded $31.55, while a 200-day SMA reached $29.74. Nevertheless, trading volume fell to 1.78 million shares from 2.45 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 30.45, which, if violated, would cause prices to drop to 30.17. In the upper region, resistance lies at 30.89. The next price resistance is at 31.04. RSI (Relative Strength Index) is 41.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 75.15%, indicating bearish price movement. Stochastics %K at buying 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 Jan 30, 2023 jumping by 0.11 million shares to 8.68 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 8.57 million shares. A jump of 1.27% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.54.
Which companies own the most shares of Juniper Networks Inc. (JNPR)?
According to The Vanguard Group, Inc. filings, the company currently owns 38,321,974 shares, which is about 11.81% of the total JNPR shares outstanding. The investor’s shares have appreciated by 831,012 from its previous 13-F filing of 37490962.0 shares. With the completion of the sale transaction, Dodge & Cox’s stake is now worth $1,147,691,740. BlackRock Fund Advisors reduced a -3.62% interest valued at $660.26 million while SSgA Funds Management, Inc. sold a -235,810 stake. A total of -1,676,296 shares of Juniper Networks Inc. were sold by First Trust Advisors LP during the quarter, and 106,609 were bought by Geode Capital Management LLC. In its current portfolio, Legal & General Investment Manage holds 5,913,177 shares valued at $191.0 million.