Levels Of Institutional Ownership At Ribbon Communications Inc. (RBBN)

Ribbon Communications Inc. (NASDAQ:RBBN) has made a 24.75% comeback from a 12-month low price of $4.97. It was seen -6.49% lower, changing the price to $6.2, when the closing bell rang on 11/13/2018. At recent session, the prices were hovering between $4.96 and $6.55. This company shares are 47.26% off its target price of $9.13 and the current market capitalization stands at $678.03M. The recent change has given its price a -4% deficit over SMA 50 and -25.84% deficit over its 52-week high. The stock witnessed 8.2% gains, -17.55% declines and 12.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RBBN’s volatility during a week at 9.7% and during a month it has been found around 6.24%.

Ribbon Communications Inc. (RBBN) Top Holders

Institutional investors currently hold around $558 million or 77.8% in RBBN stock. Look at its top three institutional owners. Jpmorgan Chase & Co owns $334.24 million in Ribbon Communications Inc., which represents roughly 49.3% of the company’s market cap and approximately 59.9% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,566,289 shares of the stock are valued at $23.64 million. The third largest holder is Vanguard Group Inc, which currently holds $22.27 million worth of this stock and that ownership represents nearly 3.28% of its market capitalization.

Ribbon Communications Inc. 13F Filings

At the end of September reporting period, 50 institutional holders increased their position in Ribbon Communications Inc. (NASDAQ:RBBN) by some 3,717,637 shares, 61 decreased positions by 4,793,091 and 17 held positions by 75,603,888. That puts total institutional holdings at 84,114,616 shares, according to SEC filings. The stock grabbed 12 new institutional investments totaling 921,234 shares while 24 institutional investors sold out their entire positions totaling 2,684,123 shares.

Ribbon Communications Inc. (NASDAQ:RBBN) Insider Trades

Multiple company employees have indulged in significant insider trading. Ribbon Communications Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP Global Sales Swade Michael R. has sold 13,979 shares of Ribbon Communications Inc. (RBBN) in trading session dated Mar. 16, 2018. These shares are worth $71,852 and were traded at $5.14 each. The SEC filing shows that Grayson Bruns H performed a purchase of 100,000 shares. The Director added these shares by way of transaction on Mar. 15, 2018. The company’s shares were assimilated at $5.17 per share worth to an investment of some $517,000 on account of Grayson Bruns H.

CTO & EVP Growth R&D, Riley Kevin W., sold 13,398 common shares of Ribbon Communications Inc. (RBBN) in the open market. In a transaction dated Mar. 14, 2018, the shares were put up for sale at an average price of $5.15, raking in a sum of $69,000. After this sale, 189,684 common shares of RBBN are directly owned by the insider, with total stake valued at $1,176,041.

In the transaction dated Mar. 05, 2018, the great number of shares acquired came courtesy the CEO, President & Director; Hobbs Franklin W Iv added a total of 75,000 shares at an average price of $5.66, amounting to approximately $424,500. The insider now directly owns 75,000 shares worth $465,000.

Ribbon Communications Inc. (RBBN) Analyst Guide

Several analysts have released their opinion on Ribbon Communications Inc. (NASDAQ:RBBN), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.