180,500 Shares in Viavi Solutions Inc. $VIAV Purchased by Swedbank AB

Swedbank AB acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAVFree Report) during the 1st quarter, Holdings Channel reports. The fund acquired 180,500 shares of the communications equipment provider’s stock, valued at approximately $6,007,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in shares of Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after buying an additional 394 shares in the last quarter. Lido Advisors LLC increased its position in shares of Viavi Solutions by 2.0% during the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after acquiring an additional 473 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 478 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Viavi Solutions by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after acquiring an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Viavi Solutions by 25.8% in the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after acquiring an additional 845 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Performance

VIAV stock traded up $0.20 on Friday, hitting $43.08. The company had a trading volume of 3,373,296 shares, compared to its average volume of 8,809,959. Viavi Solutions Inc. has a 12-month low of $9.61 and a 12-month high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The stock’s 50-day simple moving average is $49.17 and its 200 day simple moving average is $36.06. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of -179.49 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last announced its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on VIAV. Susquehanna increased their target price on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group boosted their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.88.

View Our Latest Report on Viavi Solutions

Insider Buying and Selling

In related news, EVP Paul Mcnab sold 2,727 shares of Viavi Solutions stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the completion of the sale, the executive vice president owned 15,471 shares of the company’s stock, valued at $850,286.16. The trade was a 14.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the sale, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. This trade represents a 21.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 450,369 shares of company stock valued at $23,789,119 over the last ninety days. 1.80% of the stock is owned by insiders.

About Viavi Solutions

(Free Report)

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.

See Also

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:VIAVFree Report).

Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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