Charles Schwab Investment Management Inc. Has $33.68 Million Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Charles Schwab Investment Management Inc. grew its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,334,893 shares of the communications equipment provider’s stock after buying an additional 139,934 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.50% of Viavi Solutions worth $33,682,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew 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 last quarter. Sanctuary Advisors LLC boosted its stake in shares of Viavi Solutions by 44.1% during the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider’s stock valued at $144,000 after purchasing an additional 4,875 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Viavi Solutions by 836.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after purchasing an additional 7,434 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Viavi Solutions by 5.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after buying an additional 2,277 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Viavi Solutions by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider’s stock valued at $10,864,000 after buying an additional 29,621 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the firm’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 value of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,164 shares of company stock valued at $711,422 over the last ninety days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $10.94 on Monday. The stock’s 50 day moving average price is $11.09 and its two-hundred day moving average price is $10.07. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -60.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $12.91.

Analysts Set New Price Targets

VIAV has been the topic of a number of research reports. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, March 7th. StockNews.com upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, March 10th. B. Riley lifted their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Morgan Stanley increased 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, Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

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.