Viavi Solutions (NASDAQ:VIAV) Rating Lowered to Buy at StockNews.com

Viavi Solutions (NASDAQ:VIAV) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. 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. Northland Securities restated an “outperform” rating and issued a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, B. Riley raised their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.72.

Viavi Solutions Stock Up 2.2 %

VIAV stock opened at $11.37 on Tuesday. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $11.15 and its 200 day moving average is $10.12. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -63.16 and a beta of 0.94. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91.

Insider Buying and Selling at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction that occurred 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 directly owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This represents a 14.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 9,034 shares of the company’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 value of $100,187.06. Following the sale, the executive vice president now directly owns 38,775 shares in the company, valued at $430,014.75. This trade represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,164 shares of company stock worth $711,422 in the last three months. 1.52% of the stock is currently owned by company insiders.

Institutional Trading of Viavi Solutions

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Viavi Solutions by 26.3% during the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after purchasing an additional 4,085,648 shares during the last quarter. Woodline Partners LP increased its position in shares of Viavi Solutions by 423.7% during the 4th quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock valued at $34,700,000 after purchasing an additional 2,779,615 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Viavi Solutions during the 4th quarter valued at approximately $16,722,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Viavi Solutions during the 4th quarter valued at approximately $15,268,000. Finally, LMR Partners LLP bought a new position in Viavi Solutions in the 4th quarter valued at $8,080,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.