Viavi Solutions Inc. (NASDAQ:VIAV) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,226 shares of the communications equipment provider’s stock after purchasing an additional 1,288 shares during the period. Sanctuary Advisors LLC’s holdings in Viavi Solutions were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake 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 buying an additional 54,633 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 worth $28,819,000 after acquiring an additional 217,399 shares during the period. Leeward Investments LLC MA grew its position in Viavi Solutions by 17.1% in 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 acquiring an additional 249,554 shares during the period. Tributary Capital Management LLC increased its stake in Viavi Solutions by 14.5% during the fourth quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock worth $12,904,000 after acquiring an additional 161,532 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Viavi Solutions by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider’s stock valued at $10,864,000 after purchasing an additional 29,621 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Luke M. Scrivanich sold 14,323 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the transaction, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock worth $490,515 in the last ninety days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Trading Up 2.7 %

NASDAQ VIAV opened at $11.29 on Thursday. 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 firm has a market cap of $2.51 billion, a price-to-earnings ratio of -62.72 and a beta of 0.92. The firm has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $9.93. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, January 31st. UBS Group upped their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley lifted their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Northland Securities reissued an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has an average rating of “Hold” and an average target price of $12.33.

Viavi Solutions 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.