Wellington Management Group LLP Grows Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Wellington Management Group LLP grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,614,684 shares of the communications equipment provider's stock after acquiring an additional 4,085,648 shares during the quarter. Wellington Management Group LLP owned about 8.83% of Viavi Solutions worth $198,108,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VIAV. Schroder Investment Management Group raised its stake in Viavi Solutions by 1.6% in the fourth quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider's stock valued at $70,972,000 after purchasing an additional 112,978 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 54,633 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Viavi Solutions by 14.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider's stock worth $35,106,000 after acquiring an additional 435,265 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Viavi Solutions by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock worth $33,682,000 after acquiring an additional 139,934 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Viavi Solutions in the fourth quarter valued at $16,722,000. Institutional investors own 95.54% of the company's stock.

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Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction 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 directly owns 180,333 shares of the company's stock, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,164 shares of company stock worth $711,422. Company insiders own 1.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VIAV shares. Rosenblatt Securities upgraded Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Friday, March 7th. Needham & Company LLC upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. UBS Group increased 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. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.72.

Viavi Solutions Trading Up 0.3 %

Viavi Solutions stock traded up $0.03 during trading hours on Monday, reaching $9.89. The stock had a trading volume of 2,369,829 shares, compared to its average volume of 1,748,245. The company has a fifty day simple moving average of $11.39 and a 200-day simple moving average of $10.40. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91. The stock has a market cap of $2.20 billion, a PE ratio of -54.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18.

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.