Charles Schwab Investment Management Inc. Has $33.68 Million Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Charles Schwab Investment Management Inc. grew its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,334,893 shares of the communications equipment provider's stock after purchasing an additional 139,934 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.50% of Viavi Solutions worth $33,682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Viavi Solutions by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock worth $47,887,000 after acquiring an additional 54,633 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Viavi Solutions by 14.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider's stock valued at $35,106,000 after buying an additional 435,265 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Viavi Solutions by 14.5% during 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 in the last quarter. Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 29,621 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Viavi Solutions by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,002,957 shares of the communications equipment provider's stock worth $9,047,000 after acquiring an additional 27,493 shares during the period. Institutional investors own 95.54% of the company's stock.

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Analyst Ratings Changes

VIAV has been the topic of a number of research reports. B. Riley upped their price target 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. UBS Group upped their target price on Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. StockNews.com lowered Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Argus increased their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $13.00 target price (up from $12.00) 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 given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.72.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV traded down $0.02 on Thursday, hitting $11.36. 741,641 shares of the company were exchanged, compared to its average volume of 1,680,083. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -63.08 and a beta of 0.94. The company's 50 day moving average price is $11.15 and its two-hundred day moving average price is $10.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Insider Activity

In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of the business'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 transaction, the executive vice president now directly owns 38,775 shares in the company, valued at $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,164 shares of company stock worth $711,422. Company 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.