Petrus Trust Company LTA Buys Shares of 23,745 Viavi Solutions Inc. $VIAV

Key Points

• Petrus Trust Company LTA acquired 23,745 shares of Viavi Solutions Inc. for approximately $266,000 in the first quarter, highlighting growing institutional interest in the company.
• Several institutional investors, including Vanguard Group and Victory Capital Management, have significantly increased their holdings in Viavi Solutions, with these entities now owning over 95% of the company’s stock.
• Viavi Solutions recently reported a quarterly earnings per share of $0.13, exceeding analysts' expectations, and set guidance for Q1 2026 EPS between 0.130-0.140.

Petrus Trust Company LTA acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,745 shares of the communications equipment provider's stock, valued at approximately $266,000.

Several other large investors also recently made changes to their positions in the business. PharVision Advisers LLC acquired a new stake in shares of Viavi Solutions in the first quarter worth $332,000. Millennium Management LLC lifted its position in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock worth $5,335,000 after acquiring an additional 320,662 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider's stock worth $1,467,000 after acquiring an additional 5,775 shares in the last quarter. AQR Capital Management LLC lifted its position in Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider's stock worth $377,000 after acquiring an additional 17,673 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock valued at $2,051,000 after purchasing an additional 18,910 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Stock Down 1.9%

NASDAQ VIAV traded down $0.23 during trading hours on Friday, reaching $12.03. 2,543,987 shares of the company traded hands, compared to its average volume of 2,414,008. The company has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.29. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $12.91. The stock has a market capitalization of $2.69 billion, a PE ratio of 75.19 and a beta of 0.91.

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

Insider Buying and Selling

In related news, SVP Kevin Christopher Siebert sold 13,115 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $146,625.70. Following the sale, the senior vice president owned 71,159 shares of the company's stock, valued at $795,557.62. This trade represents a 15.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the sale, the director directly owned 225,541 shares in the company, valued at approximately $2,557,634.94. This trade represents a 3.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,873 shares of company stock valued at $605,095 in the last quarter. Company insiders own 1.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. B. Riley raised their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a report on Tuesday, September 2nd. UBS Group raised their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $13.50.

Viavi Solutions Company 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.