First Eagle Investment Management LLC increased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 731,800 shares of the communications equipment provider's stock after buying an additional 41,563 shares during the quarter. First Eagle Investment Management LLC owned about 0.33% of Viavi Solutions worth $7,391,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in Viavi Solutions in the 4th quarter worth approximately $75,000. Smartleaf Asset Management LLC lifted its position in shares of Viavi Solutions by 836.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock valued at $84,000 after buying an additional 7,434 shares in the last quarter. KBC Group NV lifted its position in shares of Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider's stock valued at $85,000 after buying an additional 3,252 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in shares of Viavi Solutions during the 3rd quarter valued at approximately $95,000. Finally, Retirement Solution LLC purchased a new position in shares of Viavi Solutions during the 4th quarter valued at approximately $105,000. Hedge funds and other institutional investors own 95.54% of the company's stock.
Analyst Ratings Changes
VIAV has been the topic of a number of recent analyst reports. B. Riley increased their target price on Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Stifel Nicolaus restated a "buy" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. UBS Group raised their price objective on Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Rosenblatt Securities upgraded 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. Finally, Morgan Stanley raised their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.72.
Read Our Latest Research Report on VIAV
Insider Activity at Viavi Solutions
In related news, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 55,877 shares in the company, valued at $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the business's 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 of the company's stock, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock worth $711,422 in the last three months. 1.52% of the stock is owned by company insiders.
Viavi Solutions Trading Down 0.1 %
Shares of NASDAQ:VIAV traded down $0.01 during midday trading on Thursday, reaching $11.36. 1,171,353 shares of the company's stock were exchanged, compared to its average volume of 1,681,151. The firm's 50 day simple moving average is $11.15 and its two-hundred day simple moving average is $10.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -63.11 and a beta of 0.94. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.
About Viavi Solutions
(
Free Report)
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.
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