Moody National Bank Trust Division Purchases New Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Moody National Bank Trust Division acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 64,465 shares of the communications equipment provider's stock, valued at approximately $651,000.

A number of other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions during the 3rd quarter valued at about $25,000. Quarry LP raised its holdings in Viavi Solutions by 419.7% during the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider's stock worth $50,000 after buying an additional 5,838 shares during the period. Sanctuary Advisors LLC bought a new position in Viavi Solutions in the second quarter valued at approximately $76,000. KBC Group NV boosted its holdings in shares of Viavi Solutions by 53.0% in the third 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 during the period. Finally, Gilbert & Cook Inc. bought a new stake in shares of Viavi Solutions during the third quarter worth $95,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Activity

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total transaction of $152,100.00. Following the transaction, the director now owns 225,333 shares of the company's stock, valued at $2,284,876.62. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares of the company's stock, 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. In the last ninety days, insiders have sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $9.50 price objective (up from $8.00) on shares of Viavi Solutions in a research report on Tuesday, December 17th. Rosenblatt Securities boosted their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a report on Friday, November 1st. Northland Securities increased their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. UBS Group began coverage on Viavi Solutions in a research report on Tuesday, November 19th. They issued a "neutral" rating and a $10.60 target price on the stock. Finally, StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.44.

Viavi Solutions Stock Up 0.5 %

Shares of Viavi Solutions stock traded up $0.05 on Wednesday, reaching $10.14. 1,118,879 shares of the company were exchanged, compared to its average volume of 1,199,020. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -59.64 and a beta of 0.91. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.49. The company has a 50-day moving average of $10.25 and a 200 day moving average of $8.99.

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

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.