Everence Capital Management Inc. Invests $229,000 in Juniper Networks, Inc. (NYSE:JNPR)

Everence Capital Management Inc. purchased a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,120 shares of the network equipment provider’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of Juniper Networks by 60.3% in the third quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after acquiring an additional 447 shares during the last quarter. Quarry LP grew its position 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 acquiring an additional 644 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Juniper Networks during the 3rd quarter valued at $61,000. Longfellow Investment Management Co. LLC raised its position in Juniper Networks by 84.7% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after purchasing an additional 839 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Juniper Networks in the third quarter worth $76,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Trading Up 0.1 %

JNPR opened at $38.33 on Thursday. The firm has a 50 day simple moving average of $37.31 and a 200 day simple moving average of $37.90. Juniper Networks, Inc. has a fifty-two week low of $34.30 and a fifty-two week high of $39.79. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 50.43, a price-to-earnings-growth ratio of 11.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Juniper Networks

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.