Legato Capital Management LLC increased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,310 shares of the communications equipment provider’s stock after acquiring an additional 12,674 shares during the period. Legato Capital Management LLC’s holdings in Viavi Solutions were worth $2,465,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions during the third quarter worth $44,000. Covestor Ltd grew its holdings in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares during the last quarter. GAMMA Investing LLC grew its holdings in Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after purchasing an additional 845 shares during the last quarter. Strs Ohio acquired a new stake in Viavi Solutions in the fourth quarter valued at $159,000. Finally, ST Germain D J Co. Inc. grew its holdings in Viavi Solutions by 92,963.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 10,237 shares of the communications equipment provider’s stock valued at $182,000 after purchasing an additional 10,226 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 461,184 shares of company stock valued at $24,158,554. Insiders own 1.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on VIAV
Viavi Solutions Stock Up 1.1%
Shares of NASDAQ:VIAV opened at $49.51 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 52-week low of $8.87 and a 52-week high of $60.43. The stock’s fifty day simple moving average is $42.24 and its 200-day simple moving average is $28.57. The company has a market capitalization of $11.58 billion, a P/E ratio of -206.28 and a beta of 1.22.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.
Viavi Solutions Company Profile
Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.
Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.
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