Barclays PLC Has $4.09 Million Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Barclays PLC lessened its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404,944 shares of the communications equipment provider's stock after selling 133,317 shares during the period. Barclays PLC owned approximately 0.18% of Viavi Solutions worth $4,090,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Picton Mahoney Asset Management increased its holdings in shares of Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after acquiring an additional 833 shares during the period. Sanctuary Advisors LLC increased its stake in Viavi Solutions by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider's stock valued at $172,000 after buying an additional 1,288 shares during the period. Xponance Inc. increased its stake in Viavi Solutions by 11.5% during the 4th quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider's stock valued at $161,000 after buying an additional 1,649 shares during the period. Park Avenue Securities LLC increased its stake in 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 during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock valued at $442,000 after buying an additional 2,277 shares during the period. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the firm's stock in a transaction dated 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 approximately $628,057.48. This trade represents a 20.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the firm's stock in a transaction dated 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 directly owns 38,775 shares in the company, valued at approximately $430,014.75. This represents 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 worth $411,122 over the last three months. Corporate insiders own 1.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VIAV shares. StockNews.com cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley lowered their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. 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. Stifel Nicolaus reaffirmed a "buy" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.28.

Viavi Solutions Stock Up 0.1 %

Shares of NASDAQ:VIAV traded up $0.01 during midday trading on Tuesday, hitting $10.53. 1,623,181 shares of the stock were exchanged, compared to its average volume of 1,772,443. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $12.91. The business's fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $10.51. The company has a market capitalization of $2.34 billion, a PE ratio of -58.50 and a beta of 0.89.

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.