Amundi Buys 72,599 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Amundi lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 185.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,730 shares of the communications equipment provider's stock after acquiring an additional 72,599 shares during the quarter. Amundi owned approximately 0.05% of Viavi Solutions worth $1,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIAV. Bank of New York Mellon Corp lifted its holdings in Viavi Solutions by 14.3% during the 4th 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Viavi Solutions by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock worth $28,819,000 after buying an additional 217,399 shares during the period. Dean Investment Associates LLC lifted its holdings in Viavi Solutions by 189.6% during the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider's stock worth $2,528,000 after buying an additional 183,481 shares during the period. Edgestream Partners L.P. lifted its holdings in Viavi Solutions by 100.2% during the 3rd quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider's stock worth $2,979,000 after buying an additional 165,339 shares during the period. Finally, 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 buying an additional 161,532 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

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Viavi Solutions Stock Up 2.3 %

Viavi Solutions stock traded up $0.26 during midday trading on Friday, reaching $11.62. The stock had a trading volume of 6,062,757 shares, compared to its average volume of 1,700,188. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company has a market capitalization of $2.58 billion, a P/E ratio of -64.55 and a beta of 0.94. The company has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $10.15. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Morgan Stanley lifted their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Needham & Company LLC raised Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Friday, January 31st. UBS Group lifted their price objective on Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.72.

Insider Activity at Viavi Solutions

In related news, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company's stock, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now directly owns 55,877 shares of the company's stock, valued at $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. 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.

Viavi Solutions Company 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.