Dean Capital Management Buys 60,441 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Dean Capital Management increased its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,445 shares of the communications equipment provider's stock after acquiring an additional 60,441 shares during the quarter. Viavi Solutions comprises 1.0% of Dean Capital Management's holdings, making the stock its 24th largest holding. Dean Capital Management owned about 0.10% of Viavi Solutions worth $2,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Viavi Solutions by 26.3% in 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 period. Segall Bryant & Hamill LLC bought a new stake in Viavi Solutions in the fourth quarter worth about $16,722,000. Arrowstreet Capital Limited Partnership purchased a new position in Viavi Solutions in the fourth quarter valued at about $15,268,000. Dimensional Fund Advisors LP grew its position 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 valued at $64,626,000 after acquiring an additional 620,773 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Viavi Solutions by 14.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider's stock worth $35,106,000 after purchasing an additional 435,265 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the transaction, the director now owns 259,081 shares of the company's stock, valued at $2,311,002.52. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the company's 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 completion of the transaction, the executive vice president now owns 38,775 shares in the company, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,549 shares of company stock worth $485,916. Company insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

VIAV traded up $0.03 during trading on Friday, reaching $9.20. 1,962,994 shares of the company traded hands, compared to its average volume of 1,833,817. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The firm has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $10.52. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a market cap of $2.05 billion, a P/E ratio of -51.11 and a beta of 0.92.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several recent research reports. Argus lifted their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. B. Riley decreased their price objective on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Northland Securities reiterated 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. Rosenblatt Securities increased their price target on shares of Viavi Solutions from $12.00 to $13.50 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.69.

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.