Viavi Solutions Inc. (NASDAQ:VIAV) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 27.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,466 shares of the communications equipment provider’s stock after purchasing an additional 20,592 shares during the period. Stifel Financial Corp’s holdings in Viavi Solutions were worth $861,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Viavi Solutions in the third quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of Viavi Solutions in the second quarter valued at approximately $38,000. Quarry LP boosted its stake in Viavi Solutions by 419.7% during the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 5,838 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Viavi Solutions during the second quarter valued at about $76,000. Finally, KBC Group NV boosted its position in shares of Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after purchasing an additional 3,252 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $9.17, for a total transaction of $137,550.00. Following the completion of the transaction, the director now directly owns 213,514 shares of the company’s stock, valued at $1,957,923.38. This trade represents a 6.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,831 shares of company stock worth $345,712. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $10.33 on Wednesday. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $11.49. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.29 billion, a P/E ratio of -60.76 and a beta of 0.92. The business’s 50 day moving average is $10.02 and its two-hundred day moving average is $8.69.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. On average, equities analysts expect that Viavi Solutions Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on VIAV. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities boosted their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Northland Securities upped their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.44.

About Viavi Solutions

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.