Viavi Solutions Inc. (NASDAQ:VIAV) Position Trimmed by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 87.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 149,592 shares of the communications equipment provider's stock after selling 1,057,210 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.07% of Viavi Solutions worth $1,349,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Westwood Holdings Group Inc. raised its position in shares of Viavi Solutions by 9.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider's stock worth $49,489,000 after buying an additional 606,522 shares during the period. Dimensional Fund Advisors LP increased its position in Viavi Solutions by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider's stock worth $39,972,000 after purchasing an additional 661,450 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Viavi Solutions by 65.2% in the second quarter. Bank of New York Mellon Corp now owns 3,290,197 shares of the communications equipment provider's stock valued at $22,604,000 after buying an additional 1,298,394 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock valued at $28,819,000 after buying an additional 217,399 shares during the period. Finally, Leeward Investments LLC MA lifted its position in Viavi Solutions by 17.1% during the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider's stock valued at $15,385,000 after buying an additional 249,554 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Analysts Set New Price Targets

VIAV has been the subject of a number of research reports. Northland Securities upped their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Rosenblatt Securities upped their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research report on Friday, November 1st. StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a research report on Friday, November 1st. Finally, UBS Group assumed coverage on shares of Viavi Solutions in a research report on Tuesday, November 19th. They set a "neutral" rating and a $10.60 target price on the stock. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.44.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total transaction of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares of the company's stock, valued at approximately $507,846.34. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction on Monday, September 16th. The shares were sold at an average price of $8.20, for a total value of $123,000.00. Following the transaction, the director now owns 228,514 shares in the company, valued at approximately $1,873,814.80. This trade represents a 6.16 % 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. Company insiders own 1.52% of the company's stock.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV traded up $0.08 during trading on Monday, reaching $10.55. The stock had a trading volume of 367,505 shares, compared to its average volume of 1,764,516. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.32. The firm's 50 day moving average price is $9.67 and its two-hundred day moving average price is $8.43.

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

About Viavi Solutions

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.