Viavi Solutions Inc. (NASDAQ:VIAV) Stock Position Increased by Dean Investment Associates LLC

Dean Investment Associates LLC grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,573 shares of the communications equipment provider's stock after buying an additional 48,334 shares during the quarter. Dean Investment Associates LLC owned 0.15% of Viavi Solutions worth $3,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VIAV. Wellington Management Group LLP raised its holdings in shares of Viavi Solutions by 26.3% during the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock valued at $198,108,000 after buying an additional 4,085,648 shares during the period. Schroder Investment Management Group raised its stake in shares of Viavi Solutions by 1.6% during the fourth quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider's stock valued at $70,972,000 after purchasing an additional 112,978 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 valued at $47,887,000 after purchasing an additional 54,633 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Viavi Solutions by 14.3% during the fourth 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 purchasing an additional 435,265 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Viavi Solutions by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock valued at $33,682,000 after purchasing an additional 139,934 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of VIAV stock traded up $0.29 on Tuesday, hitting $9.96. 416,096 shares of the stock traded hands, compared to its average volume of 1,756,560. The company has a market capitalization of $2.21 billion, a PE ratio of -55.35 and a beta of 0.89. The company's fifty day moving average is $10.93 and its 200 day moving average is $10.47. 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.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Rosenblatt Securities upgraded shares of Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Friday, March 7th. Morgan Stanley reduced their price target on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC upgraded Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Friday, January 31st. UBS Group increased their target price on Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, B. Riley lifted 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.50.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 14,323 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now directly owns 55,877 shares in the company, valued at $628,057.48. This represents a 20.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,164 shares of company stock valued at $411,122. Company insiders own 1.52% of the company's stock.

About Viavi Solutions

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.