Everence Capital Management Inc. Purchases New Position in Juniper Networks, Inc. (NYSE:JNPR)

Everence Capital Management Inc. acquired a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,120 shares of the network equipment provider’s stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of JNPR. Venturi Wealth Management LLC boosted its position in shares of Juniper Networks by 60.3% during the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares in the last quarter. Quarry LP raised its stake in Juniper Networks by 71.4% during the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after buying an additional 644 shares during the period. Sentry Investment Management LLC bought a new position in Juniper Networks during the third quarter worth about $61,000. Longfellow Investment Management Co. LLC grew its stake in Juniper Networks by 84.7% in the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after acquiring an additional 839 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Juniper Networks in the third quarter worth about $76,000. Institutional investors own 91.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JNPR shares. Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Citigroup reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a report on Monday, September 23rd. Barclays dropped their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Performance

Shares of JNPR opened at $38.33 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. Juniper Networks, Inc. has a 12 month low of $34.30 and a 12 month high of $39.79. The firm has a fifty day simple moving average of $37.31 and a 200 day simple moving average of $37.90. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 11.75 and a beta of 0.88.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, December 2nd. Juniper Networks’s payout ratio is 115.79%.

Juniper Networks Company Profile

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.