Ballentine Partners LLC Makes New Investment in Ribbon Communications Inc. $RBBN

Ballentine Partners LLC acquired a new position in shares of Ribbon Communications Inc. (NASDAQ:RBBN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,076 shares of the communications equipment provider’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new stake in Ribbon Communications during the 1st quarter worth approximately $57,000. Strs Ohio bought a new stake in Ribbon Communications during the 1st quarter worth approximately $69,000. ProShare Advisors LLC increased its holdings in Ribbon Communications by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 8,485 shares in the last quarter. First Bank & Trust bought a new stake in Ribbon Communications during the 1st quarter worth approximately $115,000. Finally, Vestmark Advisory Solutions Inc. increased its holdings in Ribbon Communications by 118.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 30,138 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 16,335 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Ribbon Communications Trading Up 1.1%

NASDAQ:RBBN opened at $3.80 on Wednesday. The company has a market cap of $672.90 million, a P/E ratio of -15.20 and a beta of 1.39. The stock’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $3.79. Ribbon Communications Inc. has a 1 year low of $3.01 and a 1 year high of $5.38. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.38 and a quick ratio of 1.13.

Ribbon Communications (NASDAQ:RBBN) last posted its earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.The firm had revenue of $220.58 million for the quarter, compared to the consensus estimate of $213.31 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that Ribbon Communications Inc. will post 0.18 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Dan Redington sold 14,176 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $4.02, for a total value of $56,987.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Beatriz V. Infante sold 8,690 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $3.98, for a total value of $34,586.20. Following the completion of the sale, the director owned 343,224 shares in the company, valued at $1,366,031.52. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 198,300 shares of company stock worth $801,173 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on RBBN. Rosenblatt Securities reissued a “buy” rating and set a $6.00 price objective on shares of Ribbon Communications in a report on Thursday, September 11th. Wall Street Zen raised Ribbon Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $6.00.

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.