Dark Forest Capital Management LP Has $654,000 Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Dark Forest Capital Management LP increased its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 36.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,154 shares of the communications equipment provider’s stock after purchasing an additional 25,447 shares during the quarter. Dark Forest Capital Management LP’s holdings in Viavi Solutions were worth $654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIAV. Innealta Capital LLC bought a new stake in shares of Viavi Solutions during the 2nd quarter valued at $38,000. Headlands Technologies LLC acquired a new stake in shares of Viavi Solutions during the first quarter worth $55,000. Summit Securities Group LLC bought a new stake in Viavi Solutions in the second quarter valued at about $52,000. Park Avenue Securities LLC acquired a new position in Viavi Solutions in the first quarter valued at about $99,000. Finally, Heritage Family Offices LLP bought a new position in Viavi Solutions during the second quarter worth about $92,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Trading Up 1.6 %

Viavi Solutions stock opened at $8.88 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -444.00 and a beta of 0.91. The firm has a 50-day moving average of $8.06 and a 200-day moving average of $8.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.32.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $251.83 million. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. On average, equities analysts expect that Viavi Solutions Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIAV has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Friday, August 9th. Rosenblatt Securities downgraded Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $8.25 in a research note on Wednesday, June 26th. Finally, B. Riley decreased their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.71.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the sale, the senior vice president now directly owns 57,319 shares of the company’s stock, valued at $507,846.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Paul Mcnab sold 5,920 shares of Viavi Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $8.45, for a total transaction of $50,024.00. Following the completion of the sale, the executive vice president now owns 34,545 shares of the company’s stock, valued at approximately $291,905.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at $507,846.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,976 shares of company stock valued at $583,012. 1.80% of the stock is owned by corporate insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.