Vanguard Group Inc. Has $301.99 Million Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Vanguard Group Inc. boosted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,900,025 shares of the communications equipment provider's stock after buying an additional 52,974 shares during the period. Vanguard Group Inc. owned about 13.46% of Viavi Solutions worth $301,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Viavi Solutions by 7.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider's stock valued at $530,000 after acquiring an additional 4,043 shares during the period. Stifel Financial Corp grew its stake in shares of Viavi Solutions by 27.5% in the 3rd quarter. Stifel Financial Corp now owns 95,466 shares of the communications equipment provider's stock valued at $861,000 after purchasing an additional 20,592 shares during the period. XTX Topco Ltd bought a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $381,000. Dean Investment Associates LLC boosted its stake in Viavi Solutions by 189.6% in 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 buying an additional 183,481 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Viavi Solutions by 34.3% in the third quarter. MML Investors Services LLC now owns 37,480 shares of the communications equipment provider's stock valued at $338,000 after acquiring an additional 9,580 shares during the period. Institutional investors own 95.54% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently commented on VIAV shares. Needham & Company LLC upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Friday, January 31st. StockNews.com lowered shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Morgan Stanley reduced their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday. Rosenblatt Securities raised Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target for the company in a report on Friday, March 7th. Finally, Argus boosted their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $12.50.

Viavi Solutions Trading Up 5.9 %

Viavi Solutions stock traded up $0.57 during trading hours on Wednesday, reaching $10.18. 3,206,295 shares of the company's stock traded hands, compared to its average volume of 1,761,625. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -56.55 and a beta of 0.89. 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's 50 day moving average is $11.35 and its 200-day moving average is $10.41.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total value of $100,187.06. Following the transaction, the executive vice president now owns 38,775 shares of the company's stock, valued at approximately $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now owns 180,333 shares of the company's stock, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,164 shares of company stock worth $711,422 over the last ninety days. Company insiders own 1.52% of the company's stock.

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.