Dimensional Fund Advisors LP Purchases 302,039 Shares of Ribbon Communications Inc. (NASDAQ:RBBN)

Dimensional Fund Advisors LP lifted its stake in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,314,669 shares of the communications equipment provider's stock after purchasing an additional 302,039 shares during the period. Dimensional Fund Advisors LP owned approximately 3.60% of Ribbon Communications worth $26,269,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Ribbon Communications by 14.7% during the fourth quarter. SG Americas Securities LLC now owns 39,915 shares of the communications equipment provider's stock worth $166,000 after purchasing an additional 5,122 shares in the last quarter. Barclays PLC lifted its holdings in Ribbon Communications by 6.1% in the fourth quarter. Barclays PLC now owns 180,551 shares of the communications equipment provider's stock valued at $751,000 after buying an additional 10,441 shares during the period. Walleye Capital LLC acquired a new position in Ribbon Communications in the fourth quarter valued at approximately $43,000. Wells Fargo & Company MN lifted its holdings in Ribbon Communications by 24.6% in the fourth quarter. Wells Fargo & Company MN now owns 59,401 shares of the communications equipment provider's stock valued at $247,000 after buying an additional 11,715 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in Ribbon Communications in the fourth quarter valued at approximately $55,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley cut their price objective on shares of Ribbon Communications from $7.50 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Rosenblatt Securities reissued a "buy" rating and issued a $5.50 target price on shares of Ribbon Communications in a research note on Wednesday, April 30th. JMP Securities reissued a "market outperform" rating and issued a $6.00 target price on shares of Ribbon Communications in a research note on Thursday, February 13th. Finally, StockNews.com lowered Ribbon Communications from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5.88.

Ribbon Communications Trading Up 4.9%

RBBN traded up $0.16 during mid-day trading on Monday, hitting $3.31. The stock had a trading volume of 104,966 shares, compared to its average volume of 410,839. The stock's fifty day simple moving average is $3.67 and its 200-day simple moving average is $3.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.16. The firm has a market capitalization of $583.48 million, a price-to-earnings ratio of -10.34 and a beta of 1.36. Ribbon Communications Inc. has a 1-year low of $2.75 and a 1-year high of $5.38.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Ribbon Communications had a positive return on equity of 7.36% and a negative net margin of 6.50%. The firm had revenue of $181.28 million for the quarter, compared to the consensus estimate of $191.66 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts forecast that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Ribbon Communications Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.