Viavi Solutions Inc. (NASDAQ:VIAV) Position Increased by Swiss National Bank

Swiss National Bank grew its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 438,400 shares of the communications equipment provider’s stock after buying an additional 2,600 shares during the period. Swiss National Bank’s holdings in Viavi Solutions were worth $4,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Venturi Wealth Management LLC bought a new position in Viavi Solutions during the 4th quarter valued at $75,000. Smartleaf Asset Management LLC grew its holdings in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after acquiring an additional 7,434 shares during the last quarter. Retirement Solution LLC purchased a new position in shares of Viavi Solutions in the fourth quarter worth approximately $105,000. Park Avenue Securities LLC lifted its position in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Viavi Solutions by 44.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider’s stock worth $144,000 after acquiring an additional 4,875 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of research reports. Northland Securities reissued an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus increased their price objective on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley boosted their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. B. Riley increased their price target on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note 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 MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $11.71 on Wednesday. The stock has a market cap of $2.60 billion, a P/E ratio of -65.05 and a beta of 0.94. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91. The company’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $10.23.

Insider Activity

In other news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction 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 owns 180,333 shares in the company, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company’s stock, valued at $430,014.75. This trade represents a 18.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,164 shares of company stock worth $711,422. Company 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.