Schroder Investment Management Group Has $70.97 Million Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Schroder Investment Management Group increased its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,040,890 shares of the communications equipment provider's stock after purchasing an additional 112,978 shares during the quarter. Schroder Investment Management Group owned approximately 3.17% of Viavi Solutions worth $70,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Geode Capital Management LLC boosted its position in shares of Viavi Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock worth $47,887,000 after buying an additional 54,633 shares during the period. Sanctuary Advisors LLC boosted its position in Viavi Solutions by 44.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider's stock worth $144,000 after acquiring an additional 4,875 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Viavi Solutions by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock worth $33,682,000 after acquiring an additional 139,934 shares during the period. Amundi grew its stake in Viavi Solutions by 185.5% during the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock valued at $1,132,000 after acquiring an additional 72,599 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock valued at $84,000 after purchasing an additional 7,434 shares during the period. Institutional investors and hedge funds own 95.54% of the company's stock.

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Viavi Solutions Stock Performance

Viavi Solutions stock traded down $0.97 during trading hours on Thursday, reaching $10.44. 2,484,930 shares of the company were exchanged, compared to its average volume of 1,735,586. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $11.41 and a 200 day moving average of $10.35. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -58.00 and a beta of 0.89.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now owns 180,333 shares of the company's stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Mcnab sold 9,034 shares of the company'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 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 trade represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,164 shares of company stock worth $711,422. 1.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on VIAV shares. UBS Group boosted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Argus boosted their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Morgan Stanley increased their price objective on Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Stifel Nicolaus restated a "buy" rating and issued a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, 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 research note on Friday, March 7th. One research 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. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $12.72.

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.