Viavi Solutions Inc. (NASDAQ:VIAV) Holdings Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 20.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 647,377 shares of the communications equipment provider’s stock after selling 163,933 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Viavi Solutions were worth $6,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Viavi Solutions by 5.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after buying an additional 2,277 shares during the period. nVerses Capital LLC lifted its position in shares of Viavi Solutions by 24.0% in the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 2,300 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Viavi Solutions in the 3rd quarter worth approximately $25,000. KBC Group NV grew its position in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Viavi Solutions by 7.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 4,043 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Transactions at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the transaction, the senior vice president now directly owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,802 shares of company stock worth $481,625. 1.52% of the stock is owned by insiders.

Viavi Solutions Stock Up 1.8 %

Viavi Solutions stock opened at $10.22 on Monday. The company has a market capitalization of $2.27 billion, a P/E ratio of -60.11 and a beta of 0.91. The firm’s fifty day simple moving average is $10.23 and its 200-day simple moving average is $9.06. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $11.49. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. Sell-side analysts forecast that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VIAV shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Monday, December 16th. Stifel Nicolaus lifted their target price on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Northland Securities increased their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $9.50 price objective (up previously from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Hold” and a consensus target price of $10.44.

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.