Tributary Capital Management LLC Purchases 161,532 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Tributary Capital Management LLC increased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,277,654 shares of the communications equipment provider's stock after buying an additional 161,532 shares during the period. Tributary Capital Management LLC owned 0.58% of Viavi Solutions worth $12,904,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $39,972,000 after buying an additional 661,450 shares in the last quarter. Leeward Investments LLC MA increased its stake in Viavi Solutions by 17.1% in 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 last quarter. Charles Schwab Investment Management Inc. raised its position in Viavi Solutions by 7.3% during 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 purchasing an additional 217,399 shares in the last quarter. Dean Investment Associates LLC lifted its stake in Viavi Solutions by 189.6% during the third quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider's stock worth $2,528,000 after purchasing an additional 183,481 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Viavi Solutions by 100.2% in the 3rd quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider's stock worth $2,979,000 after purchasing an additional 165,339 shares in the last quarter. Institutional investors 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 stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masood Jabbar sold 15,000 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00. Following the sale, the director now owns 225,333 shares in the company, valued at approximately $2,284,876.62. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,802 shares of company stock worth $481,625 over the last quarter. Corporate insiders own 1.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VIAV. StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a report on Thursday, January 9th. Northland Securities lifted their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Morgan Stanley reaffirmed an "underweight" rating and issued a $9.50 price objective (up previously from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. Rosenblatt Securities increased their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of Viavi Solutions from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of "Hold" and a consensus price target of $10.44.

Viavi Solutions Trading Down 1.5 %

Shares of VIAV stock traded down $0.16 during mid-day trading on Friday, reaching $10.49. The stock had a trading volume of 1,845,902 shares, compared to its average volume of 953,900. The firm has a market capitalization of $2.33 billion, a PE ratio of -61.70 and a beta of 0.91. The stock's 50-day moving average price is $10.25 and its two-hundred day moving average price is $9.16. 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 52-week low of $6.60 and a 52-week high of $11.49.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to analysts' expectations of $240.09 million. During the same quarter last year, the business posted $0.05 EPS. The business's revenue was down 3.9% on a year-over-year basis. Equities analysts expect that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal year.

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.