American Century Companies Inc. Purchases 205,546 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

American Century Companies Inc. lifted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 100.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 409,337 shares of the communications equipment provider's stock after acquiring an additional 205,546 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of Viavi Solutions worth $4,134,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

VIAV has been the topic of a number of research analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Northland Securities restated an "outperform" rating and set a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Argus upped their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley decreased their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.50.

Viavi Solutions Price Performance

Shares of VIAV stock traded down $0.34 during trading on Thursday, hitting $9.84. The company had a trading volume of 2,491,416 shares, compared to its average volume of 1,764,914. The firm has a market capitalization of $2.19 billion, a P/E ratio of -54.66 and a beta of 0.89. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock's 50-day moving average price is $11.30 and its 200 day moving average price is $10.42.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total transaction of $100,187.06. Following the completion of the transaction, the executive vice president now directly owns 38,775 shares of the company's stock, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock valued at $711,422 in the last three months. Corporate insiders own 1.52% of the company's stock.

About Viavi Solutions

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.