Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 26.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 139,248 shares of the communications equipment provider's stock after purchasing an additional 29,480 shares during the period. Legato Capital Management LLC owned about 0.06% of Viavi Solutions worth $1,406,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position 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 valued at $47,887,000 after acquiring an additional 54,633 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $28,819,000 after acquiring an additional 217,399 shares during the period. Leeward Investments LLC MA grew 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 during the period. Tributary Capital Management LLC grew its position 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 during the period. Finally, Fisher Asset Management LLC grew its position in Viavi Solutions by 2.8% during the third quarter. Fisher Asset Management LLC now owns 1,002,957 shares of the communications equipment provider's stock valued at $9,047,000 after buying an additional 27,493 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.

Wall Street Analyst Weigh In

VIAV has been the topic of several recent analyst reports. Needham & Company LLC raised shares of 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. Morgan Stanley increased their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Argus increased their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. UBS Group raised their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, B. Riley lifted their target price 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.33.

Viavi Solutions Stock Performance

Shares of VIAV stock traded down $0.08 during trading on Friday, reaching $12.15. The company's stock had a trading volume of 1,073,590 shares, compared to its average volume of 2,700,524. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91. The stock's 50-day moving average price is $10.74 and its 200 day moving average price is $9.59. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.

Insider Activity at Viavi Solutions

In related news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now directly owns 180,333 shares of the company's stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

Viavi Solutions 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.