Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,194,959 shares of the communications equipment provider's stock after acquiring an additional 217,399 shares during the period. Charles Schwab Investment Management Inc. owned about 1.44% of Viavi Solutions worth $28,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VIAV. Price T Rowe Associates Inc. MD increased its position in Viavi Solutions by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 158,829 shares of the communications equipment provider's stock worth $1,445,000 after purchasing an additional 7,796 shares during the period. Tidal Investments LLC purchased a new stake in shares of Viavi Solutions in the first quarter valued at approximately $564,000. Harbor Capital Advisors Inc. boosted its stake in shares of Viavi Solutions by 64.4% in the second quarter. Harbor Capital Advisors Inc. now owns 43,735 shares of the communications equipment provider's stock valued at $300,000 after buying an additional 17,140 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Viavi Solutions by 306.7% in the 2nd quarter. SG Americas Securities LLC now owns 54,567 shares of the communications equipment provider's stock valued at $375,000 after purchasing an additional 41,149 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Viavi Solutions by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider's stock valued at $772,000 after purchasing an additional 2,100 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VIAV has been the subject of several recent analyst reports. Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a research note on Friday, November 1st. UBS Group initiated coverage on shares of Viavi Solutions in a research note on Tuesday, November 19th. They issued a "neutral" rating and a $10.60 price objective for the company. B. Riley reduced their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Northland Securities raised their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Viavi Solutions in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.44.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV remained flat at $10.39 during midday trading on Thursday. 832,973 shares of the stock were exchanged, compared to its average volume of 1,774,581. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $11.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. The stock's 50-day simple moving average is $9.61 and its 200 day simple moving average is $8.39.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00. Following the transaction, the director now directly owns 225,333 shares of the company's stock, valued at $2,284,876.62. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 3,029 shares of Viavi Solutions stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at approximately $507,846.34. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,949 shares of company stock worth $489,511 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.