Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.50.

A number of brokerages have commented on VIAV. UBS Group boosted their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Northland Securities reissued an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Needham & Company LLC raised 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. Rosenblatt Securities upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 7th. Finally, B. Riley increased their price objective on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st.

Insider Transactions at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the sale, the senior vice president now directly owns 55,877 shares in the company, valued at $628,057.48. The trade was a 20.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was 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 in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,164 shares of company stock worth $711,422 in the last 90 days. Insiders own 1.52% of the company’s stock.

Institutional Trading of Viavi Solutions

Several hedge funds have recently added to or reduced their stakes in VIAV. Wellington Management Group LLP grew its holdings in Viavi Solutions by 26.3% during the fourth 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 period. T. Rowe Price Investment Management Inc. lifted its position in shares of Viavi Solutions by 1.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock valued at $106,297,000 after buying an additional 171,746 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Viavi Solutions by 1.6% during the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock worth $70,972,000 after acquiring an additional 112,978 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Viavi Solutions by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock worth $64,626,000 after acquiring an additional 620,773 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after acquiring an additional 54,633 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Up 5.9 %

NASDAQ VIAV opened at $10.18 on Thursday. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The business has a 50 day moving average price of $11.35 and a 200-day moving average price of $10.41. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -56.55 and a beta of 0.89.

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.