Principal Financial Group Inc. lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,131,435 shares of the communications equipment provider’s stock after acquiring an additional 64,193 shares during the period. Principal Financial Group Inc.’s holdings in Viavi Solutions were worth $37,654,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Viavi Solutions by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares during the period. Lido Advisors LLC raised its holdings 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 worth $438,000 after purchasing an additional 473 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of 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 buying an additional 478 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of 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 buying an additional 800 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.
Viavi Solutions Stock Performance
VIAV stock opened at $38.16 on Friday. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of -158.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The stock’s fifty day moving average is $47.90 and its two-hundred day moving average is $36.80.
Analyst Ratings Changes
Several research analysts have recently commented on VIAV shares. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. B. Riley Financial increased their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Susquehanna lifted 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. Finally, UBS Group upped their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $42.88.
View Our Latest Stock Analysis on Viavi Solutions
Insider Activity
In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president owned 15,471 shares in the company, valued at approximately $850,286.16. This trade represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. This trade represents a 29.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,369 shares of company stock worth $23,789,119 over the last three months. Insiders own 1.80% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Viavi Solutions
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
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).
Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
