New York State Teachers Retirement System Sells 8,500 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

New York State Teachers Retirement System trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 298,177 shares of the communications equipment provider’s stock after selling 8,500 shares during the period. New York State Teachers Retirement System owned about 0.13% of Viavi Solutions worth $3,012,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $25,000. KBC Group NV raised its stake in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after buying an additional 3,252 shares during the period. Gilbert & Cook Inc. acquired a new stake in Viavi Solutions during the 3rd quarter worth $95,000. Sequoia Financial Advisors LLC acquired a new stake in Viavi Solutions during the 3rd quarter worth $105,000. Finally, Park Avenue Securities LLC raised its stake in Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 1,792 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

VIAV has been the topic of several research analyst reports. B. Riley raised their price objective on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Argus lifted their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Rosenblatt Securities lifted their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price target on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Trading Down 2.2 %

Viavi Solutions stock opened at $11.60 on Friday. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock has a market capitalization of $2.58 billion, a P/E ratio of -64.44 and a beta of 0.92. The stock has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $9.73.

Viavi Solutions Company Profile

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.