Petrus Trust Company LTA Takes $266,000 Position in 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 purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,745 shares of the communications equipment provider's stock, valued at approximately $266,000.

Other hedge funds have also bought and sold shares of the company. KBC Group NV lifted its holdings in Viavi Solutions by 38.1% during the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock worth $145,000 after acquiring an additional 3,579 shares during the period. Wakefield Asset Management LLLP bought a new stake in shares of Viavi Solutions in the first quarter valued at $1,098,000. Principal Financial Group Inc. raised its stake in shares of Viavi Solutions by 2.8% in the first quarter. Principal Financial Group Inc. now owns 1,106,034 shares of the communications equipment provider's stock valued at $12,377,000 after buying an additional 30,359 shares during the period. GAMMA Investing LLC raised its stake in shares of Viavi Solutions by 1,429.1% in the first quarter. GAMMA Investing LLC now owns 39,008 shares of the communications equipment provider's stock valued at $436,000 after buying an additional 36,457 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Viavi Solutions in the first quarter valued at $1,447,000. 95.54% of the stock is currently owned by institutional investors.

Insider Transactions at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the sale, the director owned 225,541 shares of the company's stock, valued at approximately $2,557,634.94. The trade was a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the business's 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 completion of the sale, the senior vice president directly owned 71,159 shares of the company's stock, valued at approximately $795,557.62. This trade represents a 15.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,873 shares of company stock worth $605,095. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Price Performance

Shares of VIAV traded down $0.23 during midday trading on Friday, reaching $12.03. The stock had a trading volume of 2,543,987 shares, compared to its average volume of 3,194,499. The company's 50-day moving average is $10.73 and its 200 day moving average is $10.29. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $12.91. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 75.19 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data 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 return on equity of 8.02% and a net margin of 3.21%.The firm had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the prior year, the business earned $0.08 EPS. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VIAV. Rosenblatt Securities restated a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a research note on Friday, June 20th. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a research report on Tuesday, September 2nd. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research report on Friday, August 8th. B. Riley lifted their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, UBS Group lifted their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

Viavi Solutions 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.