Viavi Solutions Inc. (NASDAQ:VIAV) EVP Sells $100,187.06 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) EVP Paul Mcnab sold 9,034 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the completion of the transaction, the executive vice president now directly owns 38,775 shares in the company, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV traded down $0.23 during trading on Monday, reaching $10.71. The company had a trading volume of 1,971,148 shares, compared to its average volume of 1,704,862. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -59.50 and a beta of 0.94. The stock's fifty day moving average price is $11.02 and its 200 day moving average price is $9.99.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VIAV shares. Stifel Nicolaus restated a "buy" rating and set a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. UBS Group upped their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a report on Friday, January 31st. B. Riley raised their price objective 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. Rosenblatt Securities raised Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research note on Friday. Finally, StockNews.com cut Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.72.

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Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock worth $198,108,000 after buying an additional 4,085,648 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Viavi Solutions by 1.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider's stock worth $106,297,000 after buying an additional 171,746 shares during the period. Schroder Investment Management Group boosted its position in Viavi Solutions by 1.6% during the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider's stock worth $70,972,000 after acquiring an additional 112,978 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Viavi Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock worth $64,626,000 after purchasing an additional 620,773 shares during the period. Finally, Geode Capital Management LLC grew its position in Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock valued at $47,887,000 after buying an additional 54,633 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.