Viavi Solutions (NASDAQ:VIAV) Price Target Cut to $8.00 by Analysts at Morgan Stanley

Viavi Solutions (NASDAQ:VIAV - Free Report) had its price target cut by Morgan Stanley from $10.00 to $8.00 in a report published on Tuesday,Benzinga reports. They currently have an underweight rating on the communications equipment provider's stock.

VIAV has been the subject of a number of other reports. UBS Group upped their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Argus increased their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. StockNews.com lowered Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. B. Riley upped their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus reissued a "buy" rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

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Viavi Solutions Price Performance

Viavi Solutions stock traded up $0.03 during midday trading on Tuesday, reaching $9.87. The company's stock had a trading volume of 1,601,245 shares, compared to its average volume of 1,767,811. 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 market cap of $2.19 billion, a PE ratio of -54.83 and a beta of 0.89. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The business has a 50-day moving average price of $11.25 and a 200-day moving average price of $10.42.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 9,034 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the sale, the executive vice president now directly owns 38,775 shares of the company's stock, valued at approximately $430,014.75. This represents a 18.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions 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 directly owns 180,333 shares of the company's stock, valued at $1,805,133.33. This represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock worth $711,422 over the last ninety days. 1.52% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management boosted its stake in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after acquiring an additional 833 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares during the period. Venturi Wealth Management LLC bought a new stake in Viavi Solutions in the 4th quarter valued at about $75,000. Smartleaf Asset Management LLC raised its stake in Viavi Solutions by 836.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after buying an additional 7,434 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Viavi Solutions by 64.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after acquiring an additional 3,684 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.