SG Americas Securities LLC Purchases 23,479 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

SG Americas Securities LLC increased its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 209.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,693 shares of the communications equipment provider's stock after buying an additional 23,479 shares during the quarter. SG Americas Securities LLC's holdings in Viavi Solutions were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Leeward Investments LLC MA lifted its holdings in shares of 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 acquiring an additional 249,554 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Viavi Solutions by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock worth $28,819,000 after purchasing an additional 217,399 shares in the last quarter. Dean Investment Associates LLC lifted its holdings in Viavi Solutions by 189.6% during the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider's stock valued at $2,528,000 after purchasing an additional 183,481 shares during the last quarter. Edgestream Partners L.P. boosted its position in Viavi Solutions by 100.2% in the third quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider's stock valued at $2,979,000 after buying an additional 165,339 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Viavi Solutions by 39.3% during the third quarter. JPMorgan Chase & Co. now owns 545,446 shares of the communications equipment provider's stock worth $4,920,000 after buying an additional 153,745 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the company'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 owns 54,517 shares of the company's stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,802 shares of company stock worth $481,625 in the last ninety days. Company insiders own 1.52% of the company's stock.

Viavi Solutions Trading Down 2.7 %

NASDAQ:VIAV traded down $0.34 during mid-day trading on Friday, hitting $12.46. The company had a trading volume of 1,495,970 shares, compared to its average volume of 2,448,103. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The firm has a market cap of $2.76 billion, a P/E ratio of -69.22 and a beta of 0.92. The business's fifty day moving average is $10.50 and its two-hundred day moving average is $9.38.

Analyst Ratings Changes

Several research analysts have recently commented on VIAV shares. Stifel Nicolaus reissued a "buy" rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. B. Riley lifted their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a report on Friday, November 1st. Argus raised their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Needham & Company LLC raised shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

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.