Victory Capital Management Inc. Has $421,000 Stake in Viavi Solutions Inc. (NASDAQ:VIAV)

Victory Capital Management Inc. trimmed its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 56.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,703 shares of the communications equipment provider's stock after selling 54,888 shares during the period. Victory Capital Management Inc.'s holdings in Viavi Solutions were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIAV. Venturi Wealth Management LLC acquired a new stake in shares of Viavi Solutions in the fourth quarter valued at about $75,000. Smartleaf Asset Management LLC grew its holdings 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. KBC Group NV grew its holdings in Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider's stock valued at $85,000 after buying an additional 3,252 shares during the last quarter. Park Avenue Securities LLC increased its position in 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 period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Viavi Solutions by 44.1% during the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider's stock worth $144,000 after buying an additional 4,875 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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Viavi Solutions Price Performance

Shares of VIAV stock traded down $0.12 during trading hours on Wednesday, hitting $11.59. The company had a trading volume of 878,838 shares, compared to its average volume of 1,705,641. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. 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 fifty day moving average is $11.28 and its 200 day moving average is $10.23. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of -64.39 and a beta of 0.94.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the transaction, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. This trade represents a 20.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 of the company's stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,164 shares of company stock worth $711,422 in the last 90 days. Corporate insiders own 1.52% of the company's stock.

Analyst Ratings Changes

VIAV has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Needham & Company LLC upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Friday, January 31st. Northland Securities reiterated an "outperform" rating and issued a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. StockNews.com downgraded Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, B. Riley upped their price target on Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.