Hillsdale Investment Management Inc. Invests $300,000 in Juniper Networks, Inc. (JNPR) Stock
Hillsdale Investment Management Inc. purchased a new position in Juniper Networks, Inc. (NYSE:JNPR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,750 shares of the network equipment provider’s stock, valued at approximately $300,000.
A number of other institutional investors have also recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new position in shares of Juniper Networks during the 2nd quarter worth about $719,000. NN Investment Partners Holdings N.V. increased its holdings in shares of Juniper Networks by 47.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock valued at $13,239,000 after acquiring an additional 152,412 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Juniper Networks by 2.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after acquiring an additional 2,400 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Juniper Networks by 3.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock worth $7,283,000 after acquiring an additional 7,854 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of Juniper Networks during the 2nd quarter worth about $4,878,000. Institutional investors own 90.16% of the company’s stock.
Juniper Networks, Inc. (NYSE:JNPR) opened at 27.83 on Monday. Juniper Networks, Inc. has a one year low of $22.41 and a one year high of $30.96. The stock has a market cap of $10.58 billion, a P/E ratio of 16.65 and a beta of 1.09. The stock has a 50 day moving average of $27.61 and a 200-day moving average of $28.50.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
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Several research firms recently weighed in on JNPR. TheStreet upgraded Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, July 28th. Berenberg Bank reiterated a “buy” rating and issued a $35.00 price target on shares of Juniper Networks in a research note on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, Instinet reissued a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.94.
In related news, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rami Rahim sold 16,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock valued at $974,774 over the last three months. Corporate insiders own 3.40% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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