Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 97.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,187 shares of the communications equipment provider's stock after selling 7,911,107 shares during the quarter. Bank of Montreal Can owned about 0.08% of Viavi Solutions worth $1,689,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its holdings in shares of Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after purchasing an additional 833 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Viavi Solutions in the 4th quarter worth $75,000. Smartleaf Asset Management LLC grew its stake in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after buying an additional 7,434 shares in the last quarter. Retirement Solution LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $105,000. Finally, Park Avenue Securities LLC raised its position in shares of Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider's stock valued at $136,000 after buying an additional 1,792 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded up $0.45 during trading hours on Wednesday, reaching $10.28. The company had a trading volume of 129,021 shares, compared to its average volume of 1,757,474. 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 1-year low of $6.60 and a 1-year high of $12.91. The business's 50 day moving average price is $10.88 and its 200-day moving average price is $10.47. The firm has a market cap of $2.28 billion, a PE ratio of -57.11 and a beta of 0.89.

Wall Street Analyst Weigh In

Several research firms have commented on VIAV. B. Riley lifted their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating 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 report on Wednesday, February 5th. StockNews.com downgraded shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley cut their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group raised their price target on Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Viavi Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $12.28.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the transaction, the senior vice president now directly owns 55,877 shares of the company's stock, valued at $628,057.48. This trade represents a 20.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the completion of the sale, the executive vice president now owns 38,775 shares of the company's stock, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,164 shares of company stock valued at $411,122 over the last ninety days. Corporate insiders own 1.52% of the company's stock.

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.