Dean Capital Management Sells 69,996 Shares of Viavi Solutions Inc. $VIAV

Key Points

• Dean Capital Management reduced its stake in Viavi Solutions Inc. by 31.6%, owning 151,449 shares after selling 69,996 shares in the first quarter.
• Viavi Solutions reported quarterly earnings of $0.13 per share, exceeding the consensus estimate of $0.12, with revenue rising 15.3% year-over-year to $290.50 million.
• Institutional investors hold approximately 95.54% of Viavi Solutions’ stock, indicating significant backing from large firms, including Vanguard and Victory Capital Management.

Dean Capital Management trimmed its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,449 shares of the communications equipment provider's stock after selling 69,996 shares during the quarter. Dean Capital Management owned 0.07% of Viavi Solutions worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Viavi Solutions during the first quarter valued at approximately $53,000. AlphaQuest LLC acquired a new position in shares of Viavi Solutions in the 1st quarter worth approximately $55,000. First Horizon Advisors Inc. boosted its holdings in shares of Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after acquiring an additional 1,138 shares in the last quarter. Quarry LP boosted its holdings in shares of Viavi Solutions by 481.2% in the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after acquiring an additional 7,824 shares in the last quarter. Finally, Worth Venture Partners LLC acquired a new position in shares of Viavi Solutions in the 1st quarter worth approximately $112,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VIAV. B. Riley boosted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price on the stock in a report on Tuesday, September 2nd. Rosenblatt Securities reissued a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a report on Friday, August 8th. Finally, UBS Group boosted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of "Moderate Buy" and an average target price of $13.50.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 11,873 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the completion of the sale, the senior vice president owned 66,836 shares in the company, valued at approximately $747,226.48. The trade was a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90. Following the sale, the director owned 225,541 shares of the company's stock, valued at $2,557,634.94. The trade was a 3.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,873 shares of company stock worth $605,095. Insiders own 1.52% of the company's stock.

Viavi Solutions Trading Down 1.9%

NASDAQ:VIAV traded down $0.23 during trading hours on Friday, hitting $12.03. 2,543,987 shares of the stock were exchanged, compared to its average volume of 3,194,499. The company's 50 day moving average is $10.73 and its two-hundred day moving average is $10.29. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $12.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.69 billion, a P/E ratio of 75.19 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $285.19 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Viavi Solutions 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.