Sei Investments Co. Acquires 20,197 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Sei Investments Co. grew its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,163 shares of the communications equipment provider’s stock after acquiring an additional 20,197 shares during the period. Sei Investments Co. owned about 0.18% of Viavi Solutions worth $4,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Charles Schwab Investment Management Inc. increased its stake in shares of Viavi Solutions by 7.3% during 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 purchasing an additional 217,399 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Viavi Solutions by 7.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider’s stock worth $530,000 after purchasing an additional 4,043 shares in the last quarter. Paloma Partners Management Co increased its holdings in Viavi Solutions by 147.7% in the 3rd quarter. Paloma Partners Management Co now owns 41,689 shares of the communications equipment provider’s stock worth $376,000 after purchasing an additional 24,856 shares in the last quarter. Stifel Financial Corp boosted its position in Viavi Solutions by 27.5% during the 3rd quarter. Stifel Financial Corp now owns 95,466 shares of the communications equipment provider’s stock worth $861,000 after buying an additional 20,592 shares during the period. Finally, XTX Topco Ltd bought a new position in Viavi Solutions during the 3rd quarter worth $381,000. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

VIAV has been the topic of several research analyst reports. B. Riley increased their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. StockNews.com lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $12.72.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $11.41 on Thursday. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company’s 50 day moving average is $11.41 and its two-hundred day moving average is $10.35. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -63.39 and a beta of 0.89.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. Insiders have sold a total of 67,164 shares of company stock worth $711,422 in the last three months. 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.