Leeward Investments LLC MA Has $15.39 Million Stake in Viavi Solutions Inc. (NASDAQ:VIAV)

Leeward Investments LLC MA boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 17.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,705,653 shares of the communications equipment provider's stock after buying an additional 249,554 shares during the period. Leeward Investments LLC MA owned 0.76% of Viavi Solutions worth $15,385,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VIAV. Sequoia Financial Advisors LLC raised its stake in shares of Viavi Solutions by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider's stock worth $157,000 after buying an additional 1,756 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Viavi Solutions by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider's stock worth $772,000 after acquiring an additional 2,100 shares in the last quarter. nVerses Capital LLC lifted its holdings in Viavi Solutions by 24.0% in the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider's stock valued at $107,000 after acquiring an additional 2,300 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Viavi Solutions by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 194,787 shares of the communications equipment provider's stock valued at $1,771,000 after purchasing an additional 2,754 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Viavi Solutions by 15.6% in the 1st quarter. QRG Capital Management Inc. now owns 21,340 shares of the communications equipment provider's stock worth $194,000 after purchasing an additional 2,883 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VIAV. Needham & Company LLC reissued a "hold" rating on shares of Viavi Solutions in a research note on Friday, November 1st. Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.00 to $10.50 and set a "buy" rating for the company in a research note on Tuesday, August 6th. StockNews.com cut Viavi Solutions from a "buy" rating to a "hold" rating in a report on Monday. B. Riley reduced their target price on Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Rosenblatt Securities increased their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.42.

Viavi Solutions Stock Up 2.6 %

NASDAQ:VIAV traded up $0.27 on Thursday, hitting $10.50. 2,737,870 shares of the company's stock traded hands, compared to its average volume of 1,801,482. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $11.32. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.33 billion, a PE ratio of -60.17 and a beta of 0.90. The firm has a 50-day moving average price of $8.89 and a 200-day moving average price of $8.05.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company had revenue of $238.20 million for the quarter, compared to analyst estimates of $240.09 million. During the same quarter in the prior year, the business posted $0.05 EPS. Viavi Solutions's quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts anticipate that Viavi Solutions Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other news, EVP Paul Mcnab sold 7,324 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the transaction, the executive vice president now directly owns 35,631 shares in the company, valued at $267,945.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Paul Mcnab sold 7,324 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the transaction, the executive vice president now directly owns 35,631 shares of the company's stock, valued at $267,945.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the completion of the transaction, the director now directly owns 243,514 shares of the company's stock, valued at $1,989,509.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,976 shares of company stock worth $720,562 in the last 90 days. 1.52% of the stock is owned by company insiders.

Viavi Solutions Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.