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

Dean Capital Management boosted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 221,445 shares of the communications equipment provider's stock after purchasing an additional 60,441 shares during the period. Viavi Solutions makes up about 1.0% of Dean Capital Management's portfolio, making the stock its 24th biggest position. Dean Capital Management owned approximately 0.10% of Viavi Solutions worth $2,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Viavi Solutions by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock worth $33,682,000 after purchasing an additional 139,934 shares in the last quarter. Amundi grew its holdings in Viavi Solutions by 185.5% during the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock worth $1,132,000 after acquiring an additional 72,599 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock valued at $84,000 after purchasing an additional 7,434 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Viavi Solutions by 5.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock valued at $442,000 after purchasing an additional 2,277 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Viavi Solutions by 201.2% during the fourth quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider's stock worth $497,000 after buying an additional 32,867 shares during the period. Institutional investors and hedge funds own 95.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIAV. Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, May 2nd. Northland Securities reissued an "outperform" rating and issued a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Morgan Stanley reduced their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Viavi Solutions in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.69.

Viavi Solutions Trading Up 3.7%

VIAV traded up $0.34 during mid-day trading on Monday, hitting $9.53. The stock had a trading volume of 1,451,265 shares, compared to its average volume of 1,834,207. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -53.19 and a beta of 0.92. The stock's fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.54.

Insider Buying and Selling at Viavi Solutions

In other news, SVP James L. Veler, Jr. sold 13,807 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now directly owns 55,877 shares of the company's stock, valued at $628,057.48. This represents a 20.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,549 shares of company stock worth $485,916. Insiders own 1.52% of the company's stock.

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.