Strs Ohio grew its holdings in Sonus Networks, Inc. (NASDAQ:SONS) by 3,900.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the communications equipment provider’s stock after acquiring an additional 39,000 shares during the period. Strs Ohio owned about 0.08% of Sonus Networks worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Sonus Networks by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 39,957 shares of the communications equipment provider’s stock valued at $298,000 after acquiring an additional 1,692 shares in the last quarter. Engine Capital Management LLC lifted its position in shares of Sonus Networks by 2,521.9% in the second quarter. Engine Capital Management LLC now owns 262,194 shares of the communications equipment provider’s stock valued at $1,951,000 after acquiring an additional 252,194 shares in the last quarter. State Street Corp lifted its position in shares of Sonus Networks by 4.0% in the second quarter. State Street Corp now owns 915,014 shares of the communications equipment provider’s stock valued at $6,807,000 after acquiring an additional 34,842 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of 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 valued at $189,000 after acquiring an additional 4,033 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Sonus Networks by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,150,356 shares of the communications equipment provider’s stock valued at $23,439,000 after acquiring an additional 444,006 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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

Shares of Sonus Networks, Inc. (SONS) opened at $7.09 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 posted its earnings results on Monday, October 30th. The communications equipment provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $68.50 million. Sonus Networks had a negative return on equity of 1.87% and a negative net margin of 8.82%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. equities research analysts predict that Sonus Networks, Inc. will post 0.09 EPS for the current fiscal year.

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.

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

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