Boston Partners boosted its holdings in Sonus Networks, Inc. (NASDAQ:SONS) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 648,910 shares of the communications equipment provider’s stock after buying an additional 33,150 shares during the quarter. Boston Partners owned 1.31% of Sonus Networks worth $4,964,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SONS. Prudential Financial Inc. acquired a new position in Sonus Networks in the third quarter worth approximately $131,000. Federated Investors Inc. PA grew its position in Sonus Networks by 26.1% in the second quarter. Federated Investors Inc. PA now owns 19,960 shares of the communications equipment provider’s stock worth $149,000 after buying an additional 4,133 shares during the last quarter. Voya Investment Management LLC grew its position in Sonus Networks by 18.9% in the second quarter. Voya Investment Management LLC now owns 25,370 shares of the communications equipment provider’s stock worth $189,000 after buying an additional 4,033 shares during the last quarter. American International Group Inc. grew its position in Sonus Networks by 7.0% in the first quarter. American International Group Inc. now owns 29,368 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 1,930 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in Sonus Networks by 13.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 34,918 shares of the communications equipment provider’s stock worth $230,000 after buying an additional 4,238 shares during the last quarter. Hedge funds and other institutional investors own 68.07% of the company’s stock.

Sonus Networks, Inc. (SONS) opened at $7.31 on Friday. Sonus Networks, Inc. has a 52 week low of $5.72 and a 52 week high of $9.05.

Sonus Networks (NASDAQ:SONS) last issued its earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $74.60 million during the quarter, compared to analyst estimates of $68.50 million. Sonus Networks had a negative net margin of 8.82% and a negative return on equity of 1.87%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. equities research analysts anticipate that Sonus Networks, Inc. will post 0.09 earnings per share for the current fiscal year.

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SONS has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Sonus Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Cowen and Company reaffirmed a “sell” rating and issued a $5.00 price objective on shares of Sonus Networks in a research note on Friday, August 4th. DA Davidson raised shares of Sonus Networks from a “neutral” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Monday, August 7th. Zacks Investment Research raised shares of Sonus Networks from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Wednesday, August 9th. Finally, William Blair reaffirmed a “buy” rating on shares of Sonus Networks in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.64.

Sonus Networks Profile

Sonus Networks, Inc (Sonus) is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.

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Institutional Ownership by Quarter for Sonus Networks (NASDAQ:SONS)

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