WINTON GROUP Ltd acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,004 shares of the communications equipment provider's stock, valued at approximately $444,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management grew its stake in Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after buying an additional 833 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Viavi Solutions in the 4th quarter worth about $75,000. Smartleaf Asset Management LLC grew its holdings in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after purchasing an additional 7,434 shares during the period. Retirement Solution LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth approximately $105,000. Finally, Park Avenue Securities LLC grew its stake in shares of 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 last quarter. 95.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on VIAV shares. Rosenblatt Securities raised shares of Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a report on Friday, March 7th. StockNews.com cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. 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 report on Friday, January 31st. Stifel Nicolaus restated 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. Finally, B. Riley increased their price target on Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.72.
Read Our Latest Stock Analysis on Viavi Solutions
Viavi Solutions Stock Down 8.9 %
Viavi Solutions stock traded down $0.93 during mid-day trading on Friday, reaching $9.51. 278,774 shares of the company were exchanged, compared to its average volume of 1,730,536. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The business has a fifty day moving average of $11.40 and a 200 day moving average of $10.35. The firm has a market cap of $2.11 billion, a P/E ratio of -52.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.
Insider Activity
In related news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the sale, the executive vice president now directly owns 38,775 shares in the company, valued at $430,014.75. The trade was a 18.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,164 shares of company stock worth $711,422. Corporate insiders own 1.52% of the company's stock.
Viavi Solutions Company Profile
(
Free Report)
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.
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