Viavi Solutions Inc. (NASDAQ:VIAV) Given Average Recommendation of "Hold" by Analysts

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.72.

A number of research firms have issued reports on VIAV. Northland Securities reaffirmed an "outperform" rating and issued a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. StockNews.com cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus increased their target price on Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st.

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Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company's stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,164 shares of company stock valued at $711,422 over the last three months. 1.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently bought and sold shares of VIAV. Wellington Management Group LLP raised its position in shares of Viavi Solutions by 26.3% in the 4th 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. Woodline Partners LP increased its stake in Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after acquiring an additional 2,779,615 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at about $16,722,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Viavi Solutions in the 4th quarter valued at about $15,268,000. Finally, LMR Partners LLP purchased a new stake in shares of Viavi Solutions during the 4th quarter worth about $8,080,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 2.5 %

Shares of VIAV stock traded up $0.27 during trading on Friday, reaching $11.40. The company's stock had a trading volume of 828,694 shares, compared to its average volume of 1,678,997. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91. The stock's 50-day moving average price is $11.12 and its 200 day moving average price is $10.11. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -63.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18.

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.