Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $10.00 at Morgan Stanley

Viavi Solutions (NASDAQ:VIAV - Free Report) had its target price raised by Morgan Stanley from $9.50 to $10.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the communications equipment provider's stock.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC raised shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Friday. StockNews.com raised shares of Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. Stifel Nicolaus lifted their price objective on Viavi Solutions from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. UBS Group initiated coverage on Viavi Solutions in a research note on Tuesday, November 19th. They set a "neutral" rating and a $10.60 target price for the company. Finally, Rosenblatt Securities boosted their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.88.

Viavi Solutions Trading Up 1.5 %

Shares of VIAV traded up $0.18 during mid-day trading on Friday, reaching $12.51. 3,491,980 shares of the company were exchanged, compared to its average volume of 2,500,984. The business has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $9.30. 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 stock has a market capitalization of $2.77 billion, a PE ratio of -69.50 and a beta of 0.92. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91.

Insider Activity at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 2,802 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 225,333 shares of the company's stock, valued at $2,284,876.62. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is owned by company insiders.

Institutional Trading of Viavi Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock worth $47,887,000 after acquiring an additional 54,633 shares during the last quarter. Leeward Investments LLC MA increased its stake 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 worth $15,385,000 after purchasing an additional 249,554 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Viavi Solutions by 44.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider's stock valued at $144,000 after buying an additional 4,875 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Viavi Solutions by 7.3% in 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 buying an additional 217,399 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Viavi Solutions by 5.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock valued at $442,000 after buying an additional 2,277 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

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.