Fisher Asset Management LLC Sells 26,058 Shares of Viavi Solutions Inc. $VIAV

Key Points

• Fisher Asset Management trimmed its Viavi Solutions stake by 5.6% in the fourth quarter, selling 26,058 shares and leaving it with 443,296 shares worth about $7.9 million.
• Insider selling has been notable, including recent sales by SVP Luke M. Scrivanich and Director Doug Gilstrap; over the last 90 days, insiders sold 461,184 shares valued at $24.2 million.
• Viavi’s latest results topped expectations, with quarterly EPS of $0.27 versus $0.24 expected and revenue of $406.8 million, up 42.8% year over year, while analysts currently rate the stock a “Moderate Buy.”

Fisher Asset Management LLC reduced its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 443,296 shares of the communications equipment provider's stock after selling 26,058 shares during the quarter. Fisher Asset Management LLC owned approximately 0.19% of Viavi Solutions worth $7,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Viavi Solutions during the 4th quarter valued at $210,000. Hantz Financial Services Inc. raised its holdings in Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider's stock valued at $51,000 after buying an additional 1,317 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the 4th quarter valued at $1,803,000. Legato Capital Management LLC raised its holdings in Viavi Solutions by 10.1% during the 4th quarter. Legato Capital Management LLC now owns 138,310 shares of the communications equipment provider's stock valued at $2,465,000 after buying an additional 12,674 shares during the last quarter. Finally, Tensor Edge Capital LLC bought a new stake in Viavi Solutions during the 4th quarter valued at $2,673,000. 95.54% of the stock is currently owned by institutional investors.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the sale, the senior vice president directly owned 39,287 shares of the company's stock, valued at approximately $2,082,211. This represents a 21.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the director directly owned 55,766 shares in the company, valued at $3,067,130. This trade represents a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 461,184 shares of company stock worth $24,158,554. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Needham & Company LLC boosted their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. B. Riley Financial boosted their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, March 18th. Finally, Susquehanna boosted their price objective on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a "positive" rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.25.

Viavi Solutions Stock Down 1.4%

NASDAQ:VIAV opened at $53.06 on Thursday. The firm's 50-day moving average price is $43.54 and its 200-day moving average price is $29.38. The company has a market capitalization of $12.41 billion, a PE ratio of -221.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. Viavi Solutions Inc. has a 1-year low of $8.87 and a 1-year high of $60.43.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company's revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi's product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.

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