Schroder Investment Management Group Acquires 112,978 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Schroder Investment Management Group boosted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 about 3.17% of Viavi Solutions worth $70,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Picton Mahoney Asset Management raised its position in Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after buying an additional 833 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Viavi Solutions in the 4th quarter worth about $75,000. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 7,434 shares during the last quarter. Retirement Solution LLC bought a new position in shares of Viavi Solutions during the 4th quarter worth approximately $105,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider's stock worth $136,000 after buying an additional 1,792 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Price Performance

Shares of VIAV traded down $0.58 during midday trading on Friday, hitting $9.86. 3,205,125 shares of the company traded hands, compared to its average volume of 1,745,759. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91. The firm has a market cap of $2.19 billion, a P/E ratio of -54.77 and a beta of 0.89. 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 stock has a 50-day moving average of $11.39 and a 200-day moving average of $10.37.

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total transaction of $100,187.06. Following the completion of the sale, the executive vice president now directly owns 38,775 shares in the company, valued at $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,164 shares of company stock worth $711,422. Corporate insiders own 1.52% of the company's stock.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several research analyst reports. Morgan Stanley raised their target price on Viavi Solutions from $9.50 to $10.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Needham & Company LLC raised shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Friday, January 31st. Stifel Nicolaus reissued a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. UBS Group upped their price target on Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, 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 report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.72.

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.