Legal & General Group Plc Invests $15.32 Million in Viavi Solutions Inc. $VIAV

Key Points

• Legal & General Group acquired 320,826 Viavi Solutions shares worth approximately $15.32 million, representing a 0.14% stake. Institutional investors collectively own 95.54% of the company.
• Viavi reported quarterly EPS of $0.34, exceeding the $0.30 consensus estimate, while revenue rose 52.5% year over year to $443.1 million. The company issued Q1 2027 EPS guidance of $0.40–$0.42.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $49.88; however, company insiders recently sold shares, and the stock opened at $36.54.

Legal & General Group Plc bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 320,826 shares of the communications equipment provider's stock, valued at approximately $15,319,000. Legal & General Group Plc owned 0.14% of Viavi Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Viavi Solutions in the 2nd quarter valued at about $1,228,529,000. Arrowstreet Capital Limited Partnership boosted its holdings in Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider's stock valued at $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Viavi Solutions during the 1st quarter valued at approximately $75,294,000. Invesco Ltd. increased its holdings in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider's stock worth $67,886,000 after purchasing an additional 2,045,702 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Viavi Solutions by 1,011.9% in the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider's stock valued at $38,983,000 after purchasing an additional 1,990,848 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Activity

In other news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares of the company's stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Mcnab sold 1,595 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares of the company's stock, valued at $518,546.12. This trade represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $36.54 on Monday. The company has a market cap of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.22. The business has a 50 day moving average of $41.22 and a two-hundred day moving average of $40.90. Viavi Solutions Inc. has a 52 week low of $11.09 and a 52 week high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business's revenue was up 52.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, August 19th. Susquehanna increased their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research report on Wednesday, July 1st. Needham & Company LLC decreased their price target on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Wall Street Zen downgraded Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Stifel Nicolaus upped their price target on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Viavi Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $49.88.

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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