XTX Topco Ltd Reduces Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

XTX Topco Ltd lowered its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 62.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,690 shares of the communications equipment provider's stock after selling 26,529 shares during the quarter. XTX Topco Ltd's holdings in Viavi Solutions were worth $158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Sanctuary Advisors LLC grew its stake in Viavi Solutions by 44.1% in the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider's stock worth $144,000 after purchasing an additional 4,875 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Viavi Solutions by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock valued at $33,682,000 after buying an additional 139,934 shares during the period. Amundi grew its position in shares of Viavi Solutions by 185.5% during the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock valued at $1,132,000 after buying an additional 72,599 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Viavi Solutions by 836.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after acquiring an additional 7,434 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Viavi Solutions by 5.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock worth $442,000 after acquiring an additional 2,277 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus reissued a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Argus lifted their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. StockNews.com cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. UBS Group boosted their price objective on Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Northland Securities restated an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Viavi Solutions currently has an average rating of "Moderate Buy" and an average target price of $12.28.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now directly owns 55,877 shares of the company's stock, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were 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 90 days, insiders have sold 37,164 shares of company stock valued at $411,122. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $10.52 on Tuesday. The firm has a 50-day moving average of $10.74 and a two-hundred day moving average of $10.51. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -58.44 and a beta of 0.89. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91.

Viavi Solutions 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.

Want to see what other hedge funds are holding VIAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viavi Solutions Inc. (NASDAQ:VIAV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.