Man Group plc purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 193,616 shares of the communications equipment provider's stock, valued at approximately $9,245,000. Man Group plc owned approximately 0.08% of Viavi Solutions at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Viavi Solutions in the 2nd quarter valued at approximately $1,228,529,000. Capital World Investors grew its holdings in Viavi Solutions by 4.4% during the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider's stock valued at $278,356,000 after buying an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Viavi Solutions by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider's stock worth $86,875,000 after buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider's stock worth $118,915,000 after acquiring an additional 33,463 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Viavi Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider's stock worth $95,373,000 after acquiring an additional 20,776 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Viavi Solutions
In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura A. Black sold 71,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company's stock.
Viavi Solutions Stock Down 5.0%
NASDAQ:VIAV opened at $36.54 on Friday. The stock has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $40.81. Viavi Solutions Inc. has a one year low of $11.09 and a one year high of $60.43. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of -243.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to analyst estimates 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 firm earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on VIAV. Weiss Ratings upgraded shares of Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. B. Riley Financial lowered their price target on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Needham & Company LLC reduced their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $49.88.
Check Out Our Latest Stock Analysis on Viavi Solutions
About Viavi Solutions
(
Free Report)
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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