210,181 Shares in Viavi Solutions Inc. $VIAV Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAVFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 210,181 shares of the communications equipment provider’s stock, valued at approximately $10,036,000.

A number of other hedge funds have also recently modified their holdings of VIAV. BlackRock Inc. bought a new position in shares of Viavi Solutions during the second quarter valued at about $1,228,529,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Viavi Solutions in the first quarter worth about $75,294,000. Invesco Ltd. increased its holdings in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares during the period. Finally, Marshall Wace LLP raised its position in Viavi Solutions by 1,011.9% during the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock valued at $38,983,000 after purchasing an additional 1,990,848 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the topic of several research analyst reports. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Needham & Company LLC reduced their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial cut their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Get Our Latest Stock Report on VIAV

Viavi Solutions Stock Down 5.0%

Shares of NASDAQ:VIAV opened at $36.95 on Tuesday. The firm has a market capitalization of $9.12 billion, a P/E ratio of -246.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The stock has a 50 day moving average price of $42.05 and a 200-day moving average price of $40.57. Viavi Solutions Inc. has a 52-week low of $10.91 and a 52-week high of $60.43.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm’s revenue was up 52.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

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.

Further Reading

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

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