Dimensional Fund Advisors LP grew its holdings in Ribbon Communications Inc (NASDAQ:RBBN) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,805,922 shares of the communications equipment provider’s stock after buying an additional 215,975 shares during the period. Dimensional Fund Advisors LP owned 3.57% of Ribbon Communications worth $18,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RBBN. BlackRock Inc. raised its position in shares of Ribbon Communications by 13.4% in the fourth quarter. BlackRock Inc. now owns 4,045,401 shares of the communications equipment provider’s stock valued at $19,498,000 after buying an additional 479,112 shares during the last quarter. Vanguard Group Inc raised its position in shares of Ribbon Communications by 8.6% in the third quarter. Vanguard Group Inc now owns 3,647,288 shares of the communications equipment provider’s stock valued at $24,911,000 after buying an additional 288,331 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ribbon Communications by 8.6% in the third quarter. Vanguard Group Inc. now owns 3,647,288 shares of the communications equipment provider’s stock valued at $24,911,000 after buying an additional 288,331 shares during the last quarter. Morgan Stanley raised its position in shares of Ribbon Communications by 186.3% in the third quarter. Morgan Stanley now owns 390,939 shares of the communications equipment provider’s stock valued at $2,671,000 after buying an additional 254,405 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its position in shares of Ribbon Communications by 41.2% in the fourth quarter. Horrell Capital Management Inc. now owns 681,829 shares of the communications equipment provider’s stock valued at $3,286,000 after buying an additional 199,000 shares during the last quarter. Institutional investors and hedge funds own 79.80% of the company’s stock.

Shares of RBBN opened at $5.16 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. Ribbon Communications Inc has a 12-month low of $4.62 and a 12-month high of $7.89. The stock has a market capitalization of $551.77 million, a P/E ratio of 10.75, a PEG ratio of 0.81 and a beta of 1.31.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings data on Wednesday, February 20th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. Ribbon Communications had a negative net margin of 13.29% and a positive return on equity of 8.59%. The firm had revenue of $173.00 million during the quarter, compared to analyst estimates of $171.81 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Ribbon Communications’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Ribbon Communications Inc will post 0.54 EPS for the current year.

A number of equities research analysts recently issued reports on RBBN shares. BidaskClub raised shares of Ribbon Communications from a “strong sell” rating to a “sell” rating in a report on Friday, February 15th. ValuEngine raised shares of Ribbon Communications from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Northland Securities reissued a “buy” rating and issued a $9.00 price objective on shares of Ribbon Communications in a report on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of Ribbon Communications from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Ribbon Communications has a consensus rating of “Hold” and an average price target of $7.75.

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Ribbon Communications Profile

Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions.

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Institutional Ownership by Quarter for Ribbon Communications (NASDAQ:RBBN)

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