Viavi Solutions Inc. (NASDAQ:VIAV) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,732 shares of the communications equipment provider’s stock after purchasing an additional 2,277 shares during the period. Harbor Capital Advisors Inc.’s holdings in Viavi Solutions were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in VIAV. Westwood Holdings Group Inc. increased its stake in shares of Viavi Solutions by 9.2% during the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock worth $49,489,000 after buying an additional 606,522 shares during the period. Dimensional Fund Advisors LP grew its holdings in Viavi Solutions by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after acquiring an additional 661,450 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock valued at $47,887,000 after purchasing an additional 54,633 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Viavi Solutions by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock valued at $28,819,000 after purchasing an additional 217,399 shares in the last quarter. Finally, Leeward Investments LLC MA raised its holdings in shares of Viavi Solutions by 17.1% in the 3rd quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock valued at $15,385,000 after purchasing an additional 249,554 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VIAV. UBS Group began coverage on Viavi Solutions in a report on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 target price on the stock. Northland Securities increased their price objective on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley reissued an “underweight” rating and set a $9.50 target price (up previously from $8.00) on shares of Viavi Solutions in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.44.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total transaction of $152,100.00. Following the completion of the sale, the director now owns 225,333 shares of the company’s stock, valued at $2,284,876.62. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,802 shares of company stock worth $481,625. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $10.09 on Wednesday. The stock has a market cap of $2.24 billion, a P/E ratio of -59.35 and a beta of 0.91. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $11.49. The stock has a 50 day moving average of $10.24 and a two-hundred day moving average of $8.97. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $238.20 million for 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 company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. On average, research analysts forecast that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

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.