Cerity Partners LLC Grows Stock Position in Juniper Networks, Inc. (NYSE:JNPR)

Cerity Partners LLC increased its position in shares of Juniper Networks, Inc. (NYSE:JNPR) by 80.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,324 shares of the network equipment provider’s stock after purchasing an additional 7,709 shares during the quarter. Cerity Partners LLC’s holdings in Juniper Networks were worth $675,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Juniper Networks by 2,069.4% in the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Juniper Networks in the second quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC purchased a new position in Juniper Networks during the second quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its stake in 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 buying an additional 447 shares during the last quarter. Finally, Quarry LP grew its holdings in Juniper Networks by 71.4% in the 2nd quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 644 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Trading Down 0.7 %

JNPR opened at $36.52 on Friday. Juniper Networks, Inc. has a 52 week low of $28.61 and a 52 week high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $37.98 and a 200-day simple moving average of $37.51. The firm has a market cap of $12.09 billion, a P/E ratio of 48.05, a P/E/G ratio of 11.19 and a beta of 0.89.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is 115.79%.

Analyst Upgrades and Downgrades

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

Juniper Networks 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.