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

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.72.

A number of brokerages recently weighed in on VIAV. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th. Argus increased their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, B. Riley increased their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st.

Insider Transactions at Viavi Solutions

In other news, 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 transaction of $300,300.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Mcnab sold 9,034 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the transaction, the executive vice president now directly owns 38,775 shares of the company’s stock, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock valued at $711,422 in the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in VIAV. KBC Group NV grew its stake in shares of Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Viavi Solutions by 29.4% in the third quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider’s stock valued at $590,000 after buying an additional 14,863 shares in the last quarter. Gilbert & Cook Inc. bought a new position in shares of Viavi Solutions in the third quarter valued at $95,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Viavi Solutions by 125.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 222,779 shares of the communications equipment provider’s stock valued at $2,009,000 after buying an additional 124,057 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Viavi Solutions by 132.0% in the third quarter. Intech Investment Management LLC now owns 68,107 shares of the communications equipment provider’s stock valued at $614,000 after buying an additional 38,747 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Up 1.4 %

Shares of NASDAQ VIAV opened at $10.94 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of -60.77 and a beta of 0.94. 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 has a 1 year low of $6.60 and a 1 year high of $12.91. The firm’s 50-day moving average is $11.09 and its 200-day moving average is $10.06.

Viavi Solutions Company 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.