Trust Point Inc. Has $199,000 Stake in Viavi Solutions Inc. (NASDAQ:VIAV)

Trust Point Inc. lessened its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 53.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,676 shares of the communications equipment provider's stock after selling 22,521 shares during the quarter. Trust Point Inc.'s holdings in Viavi Solutions were worth $199,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Leeward Investments LLC MA increased its position in shares of Viavi Solutions by 17.1% in the third 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock valued at $28,819,000 after purchasing an additional 217,399 shares in the last quarter. Dean Investment Associates LLC increased its position in shares of Viavi Solutions by 189.6% during the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider's stock worth $2,528,000 after purchasing an additional 183,481 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Viavi Solutions by 100.2% during the 3rd quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider's stock worth $2,979,000 after purchasing an additional 165,339 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in shares of Viavi Solutions by 14.5% in the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider's stock valued at $12,904,000 after buying an additional 161,532 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded up $0.12 during mid-day trading on Monday, hitting $12.58. 2,203,607 shares of the stock were exchanged, compared to its average volume of 2,438,693. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The firm's 50-day simple moving average is $10.59 and its 200 day simple moving average is $9.48. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -69.89 and a beta of 0.92.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the firm's 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 transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now directly 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. Over the last three months, insiders have sold 47,802 shares of company stock worth $481,625. Corporate insiders own 1.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VIAV shares. Argus boosted their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. UBS Group upped their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Morgan Stanley lifted their price target on Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Northland Securities restated an "outperform" rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, StockNews.com upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.33.

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.