Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,516,435 shares of the communications equipment provider's stock after selling 70,111 shares during the quarter. Viavi Solutions accounts for approximately 0.9% of Leeward Investments LLC MA's investment portfolio, making the stock its 29th largest holding. Leeward Investments LLC MA owned approximately 0.68% of Viavi Solutions worth $16,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Picton Mahoney Asset Management raised its stake in shares of Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after acquiring an additional 833 shares in the last quarter. USA Financial Formulas bought a new stake in Viavi Solutions during the 1st quarter valued at $53,000. First Horizon Advisors Inc. raised its position in Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Sterling Capital Management LLC raised its position in Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after purchasing an additional 6,171 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Viavi Solutions by 836.2% during the 4th 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 in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Up 0.6%

Shares of NASDAQ VIAV traded up $0.06 during trading hours on Friday, hitting $10.44. 894,119 shares of the stock were exchanged, compared to its average volume of 1,927,147. The company has a quick ratio of 1.32, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.33 billion, a PE ratio of 522.26 and a beta of 0.88. The firm has a fifty day moving average price of $9.53 and a 200-day moving average price of $10.35. Viavi Solutions Inc. has a 12 month low of $6.89 and a 12 month high of $12.91.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the transaction, the director owned 242,311 shares in the company, valued at $2,427,956.22. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VIAV. UBS Group decreased their price objective on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. B. Riley reduced their price target on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Rosenblatt Securities restated a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. Morgan Stanley reduced their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have given 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.69.

About Viavi Solutions

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.