Segall Bryant & Hamill LLC Acquires New Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Segall Bryant & Hamill LLC acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,655,655 shares of the communications equipment provider's stock, valued at approximately $16,722,000. Segall Bryant & Hamill LLC owned 0.75% of Viavi Solutions at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock valued at $47,887,000 after acquiring an additional 54,633 shares during the period. Bank of New York Mellon Corp grew its position in shares of Viavi Solutions by 14.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider's stock valued at $35,106,000 after purchasing an additional 435,265 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Viavi Solutions by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock worth $33,682,000 after purchasing an additional 139,934 shares during the period. Tributary Capital Management LLC lifted its holdings in Viavi Solutions by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider's stock worth $12,904,000 after purchasing an additional 161,532 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Viavi Solutions by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider's stock valued at $10,864,000 after purchasing an additional 29,621 shares during the period. Institutional investors and hedge funds own 95.54% of the company's stock.

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Viavi Solutions Price Performance

NASDAQ:VIAV traded down $0.13 during mid-day trading on Friday, reaching $11.26. The stock had a trading volume of 1,595,079 shares, compared to its average volume of 1,744,481. The stock has a 50-day simple moving average of $11.35 and a two-hundred day simple moving average of $10.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The stock has a market capitalization of $2.50 billion, a PE ratio of -62.55 and a beta of 0.94.

Insider Activity

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,164 shares of company stock worth $711,422. Insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VIAV shares. Argus lifted their target price on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. UBS Group lifted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Rosenblatt Securities upgraded shares of Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Friday, March 7th. Morgan Stanley raised their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Finally, StockNews.com cut Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $12.72.

Viavi Solutions Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.