Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 647,377 shares of the communications equipment provider's stock after selling 163,933 shares during the period. Assenagon Asset Management S.A. owned about 0.29% of Viavi Solutions worth $6,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VIAV. Dimensional Fund Advisors LP lifted its position in shares of Viavi Solutions by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider's stock valued at $39,972,000 after acquiring an additional 661,450 shares in the last quarter. Geode Capital Management LLC grew its holdings in Viavi Solutions by 1.0% during 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 purchasing an additional 54,633 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Viavi Solutions by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock worth $28,819,000 after acquiring an additional 217,399 shares during the last quarter. Leeward Investments LLC MA boosted its holdings in Viavi Solutions by 17.1% during the 3rd quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider's stock valued at $15,385,000 after acquiring an additional 249,554 shares during the period. Finally, Fisher Asset Management LLC grew its position in Viavi Solutions by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,002,957 shares of the communications equipment provider's stock valued at $9,047,000 after acquiring an additional 27,493 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Transactions at Viavi Solutions

In other news, Director Masood Jabbar sold 15,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the transaction, the director now directly owns 225,333 shares in the company, valued at approximately $2,284,876.62. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares of the company's stock, valued at $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,802 shares of company stock valued at $481,625 in the last quarter. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Viavi Solutions in a research note on Monday, December 16th. Stifel Nicolaus boosted their price target on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a "buy" rating in a report on Monday, December 16th. Rosenblatt Securities increased their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a research note on Friday, November 1st. UBS Group assumed coverage on shares of Viavi Solutions in a research note on Tuesday, November 19th. They issued a "neutral" rating and a $10.60 price objective for the company. Finally, StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of "Hold" and a consensus price target of $10.44.

Viavi Solutions Stock Up 1.8 %

NASDAQ:VIAV traded up $0.18 during midday trading on Monday, reaching $10.22. The company had a trading volume of 1,147,746 shares, compared to its average volume of 1,377,386. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.49. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -60.11 and a beta of 0.91. 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 stock's fifty day simple moving average is $10.23 and its 200-day simple moving average is $9.06.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. Viavi Solutions's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal year.

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.