Everence Capital Management Inc. Makes New Investment in Juniper Networks, Inc. (NYSE:JNPR)


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Everence Capital Management Inc. bought a new stake in shares of Juniper Networks, Inc. (NYSE:JNPR) in the first quarter, Holdings Channel reports. The institutional investor bought 21,720 shares of the network equipment provider’s stock, valued at approximately $550,000.

Other hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its position in Juniper Networks by 2.5% in the fourth quarter. M&T Bank Corp now owns 16,967 shares of the network equipment provider’s stock worth $382,000 after acquiring an additional 411 shares in the last quarter. Eudaimonia Partners LLC boosted its holdings in shares of Juniper Networks by 45.4% in the 3rd quarter. Eudaimonia Partners LLC now owns 1,861 shares of the network equipment provider’s stock worth $265,000 after purchasing an additional 581 shares during the period. Schroder Investment Management Group increased its position in shares of Juniper Networks by 2.2% during the 4th quarter. Schroder Investment Management Group now owns 26,786 shares of the network equipment provider’s stock valued at $603,000 after purchasing an additional 586 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Juniper Networks by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 162,745 shares of the network equipment provider’s stock valued at $3,499,000 after purchasing an additional 654 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Juniper Networks by 17.4% during the 4th quarter. Van ECK Associates Corp now owns 5,123 shares of the network equipment provider’s stock valued at $115,000 after buying an additional 760 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on JNPR. Rosenblatt Securities boosted their price objective on shares of Juniper Networks from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, January 25th. Zacks Investment Research raised shares of Juniper Networks from a “strong sell” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Tuesday, December 29th. Raymond James increased their price objective on shares of Juniper Networks from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Juniper Networks in a research report on Tuesday, February 16th. Finally, TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average price target of $25.06.

In related news, CEO Rami Rahim sold 5,500 shares of the firm’s stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $25.44, for a total transaction of $139,920.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brian Martin sold 46,421 shares of the firm’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $26.00, for a total value of $1,206,946.00. Following the sale, the senior vice president now directly owns 50,356 shares in the company, valued at approximately $1,309,256. The disclosure for this sale can be found here. Insiders sold a total of 127,036 shares of company stock valued at $3,252,591 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

JNPR opened at $25.41 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average is $24.74 and its two-hundred day moving average is $23.20. The company has a market capitalization of $8.31 billion, a P/E ratio of 21.91, a PEG ratio of 4.83 and a beta of 0.90. Juniper Networks, Inc. has a 52 week low of $19.51 and a 52 week high of $27.83.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, January 28th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Juniper Networks had a return on equity of 8.30% and a net margin of 8.92%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 EPS. Equities analysts anticipate that Juniper Networks, Inc. will post 1.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 22nd. Stockholders of record on Monday, March 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Juniper Networks’s payout ratio is presently 66.12%.

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; and NorthStar controllers.

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Institutional Ownership by Quarter for Juniper Networks (NYSE:JNPR)

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