Barrow Hanley Mewhinney & Strauss LLC Has $67.34 Million Stock Position in Infinera Co. (NASDAQ:INFN)

Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Infinera Co. (NASDAQ:INFN - Free Report) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,057,935 shares of the communications equipment provider's stock after purchasing an additional 2,025,658 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 4.72% of Infinera worth $67,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INFN. Sei Investments Co. increased its holdings in shares of Infinera by 45.8% in the second quarter. Sei Investments Co. now owns 1,085,822 shares of the communications equipment provider's stock valued at $6,613,000 after buying an additional 341,126 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Infinera by 132.8% in the 2nd quarter. Inspire Investing LLC now owns 140,708 shares of the communications equipment provider's stock worth $857,000 after acquiring an additional 80,277 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Infinera during the second quarter worth $774,000. Dimensional Fund Advisors LP boosted its position in shares of Infinera by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider's stock valued at $16,802,000 after purchasing an additional 748,155 shares during the period. Finally, Inspire Advisors LLC purchased a new position in Infinera in the 2nd quarter worth about $2,439,000. 97.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com started coverage on shares of Infinera in a report on Thursday. They issued a "sell" rating for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Infinera in a research note on Friday, June 28th. Berenberg Bank raised shares of Infinera to a "hold" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on Infinera from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Tuesday, August 6th. Finally, Craig Hallum reiterated a "hold" rating and set a $6.65 price target (down previously from $12.00) on shares of Infinera in a report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Infinera has a consensus rating of "Hold" and a consensus price target of $7.09.

Infinera Trading Up 0.1 %

Infinera stock opened at $6.70 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.57 and a debt-to-equity ratio of 5.02. Infinera Co. has a 12 month low of $2.82 and a 12 month high of $6.76. The company's fifty day simple moving average is $6.10 and its 200-day simple moving average is $5.61. The stock has a market cap of $1.57 billion, a P/E ratio of -19.71 and a beta of 1.71.

Infinera (NASDAQ:INFN - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. Infinera had a negative return on equity of 31.63% and a negative net margin of 7.10%. The company had revenue of $342.70 million during the quarter, compared to the consensus estimate of $331.71 million. Infinera's revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Infinera Co. will post -0.17 EPS for the current fiscal year.

Infinera Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.