Viavi Solutions Inc. (NASDAQ:VIAV) Given Consensus Rating of “Hold” by Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.33.

VIAV has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Needham & Company LLC upgraded 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. Rosenblatt Securities increased their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. StockNews.com raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Argus raised their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th.

Viavi Solutions Trading Down 0.3 %

Shares of Viavi Solutions stock opened at $12.11 on Wednesday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91. The firm has a market capitalization of $2.69 billion, a PE ratio of -67.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The company’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $9.63.

Insiders Place Their Bets

In other news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions 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 sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions 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 sale, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in VIAV. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the third quarter worth $25,000. Picton Mahoney Asset Management increased its holdings in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 833 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Viavi Solutions during the fourth quarter worth $75,000. Finally, Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 7,434 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.