Squarepoint Ops LLC Takes $2.76 Million Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Squarepoint Ops LLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 273,167 shares of the communications equipment provider's stock, valued at approximately $2,759,000. Squarepoint Ops LLC owned 0.12% of Viavi Solutions as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Viavi Solutions by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock valued at $33,682,000 after purchasing an additional 139,934 shares in the last quarter. Amundi raised its stake in shares of Viavi Solutions by 185.5% in the fourth quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock worth $1,132,000 after purchasing an additional 72,599 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Viavi Solutions by 836.2% in the fourth 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. Marshall Wace LLP grew its stake in shares of Viavi Solutions by 201.2% in the 4th quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider's stock worth $497,000 after acquiring an additional 32,867 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Viavi Solutions by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider's stock valued at $10,864,000 after buying an additional 29,621 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on VIAV shares. Morgan Stanley decreased their price target on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. B. Riley lowered their target price on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Rosenblatt Securities increased their price target on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.69.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now owns 55,877 shares of the company's stock, valued at approximately $628,057.48. The trade was a 20.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Insiders sold 45,549 shares of company stock valued at $485,916 in the last quarter. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded down $0.13 on Friday, reaching $9.03. 2,454,076 shares of the company's stock were exchanged, compared to its average volume of 1,890,284. The stock has a fifty day simple moving average of $9.92 and a 200-day simple moving average of $10.47. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -50.16 and a beta of 0.92.

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.