Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. reduced its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 6.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,596 shares of the communications equipment provider’s stock after selling 32,781 shares during the period. Thompson Investment Management Inc.’s holdings in Viavi Solutions were worth $5,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VIAV. Wellington Management Group LLP grew its holdings in Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after purchasing an additional 4,085,648 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Viavi Solutions by 1.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock valued at $106,297,000 after buying an additional 171,746 shares during the period. Schroder Investment Management Group increased its holdings in shares of Viavi Solutions by 1.6% during the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock worth $70,972,000 after buying an additional 112,978 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Viavi Solutions by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock worth $64,626,000 after buying an additional 620,773 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Viavi Solutions by 14.3% in 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 buying an additional 435,265 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Down 0.2%

Viavi Solutions stock opened at $9.52 on Wednesday. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91. The company’s fifty day moving average price is $9.61 and its two-hundred day moving average price is $10.44. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -52.89 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VIAV shares. Morgan Stanley lowered their price target on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Viavi Solutions in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Finally, Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a “buy” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.69.

Insiders Place Their Bets

In related news, Director Richard Belluzzo sold 8,385 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the completion of the transaction, the director now directly owns 259,081 shares of the company’s stock, valued at $2,311,002.52. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

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.