Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 20.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 647,377 shares of the communications equipment provider’s stock after selling 163,933 shares during the quarter. Assenagon Asset Management S.A. owned 0.29% of Viavi Solutions worth $6,539,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake 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 lifted its position in Viavi Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after acquiring an additional 54,633 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Viavi Solutions by 7.3% in the third 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 during the period. Leeward Investments LLC MA raised its stake in shares of Viavi Solutions by 17.1% during the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after purchasing an additional 249,554 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Viavi Solutions by 2.8% during the third quarter. Fisher Asset Management LLC now owns 1,002,957 shares of the communications equipment provider’s stock worth $9,047,000 after purchasing an additional 27,493 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Up 1.8 %

Shares of NASDAQ VIAV opened at $10.22 on Monday. The firm has a fifty day moving average of $10.23 and a 200-day moving average of $9.06. The stock has a market capitalization of $2.27 billion, a PE ratio of -60.11 and a beta of 0.91. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $11.49.

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 the consensus estimate of $0.06. The business had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. On average, analysts anticipate that Viavi Solutions Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on VIAV. Northland Securities upped their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. UBS Group began coverage on Viavi Solutions in a research note on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 target price on the stock. Finally, Rosenblatt Securities increased their price objective on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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 dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at $568,612.31. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 in the company, valued at $2,284,876.62. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,802 shares of company stock valued at $481,625. Insiders own 1.52% of the company’s stock.

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.