258,057 Shares in Viavi Solutions Inc. $VIAV Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP purchased 258,057 shares of Viavi Solutions Inc., valued at approximately $2.89 million, indicating growing institutional interest in the company.
• Other institutional investors have also significantly increased their holdings, with Victory Capital Management raising its stake by over 7,293% during the first quarter.
• Multiple analysts have upgraded Viavi Solutions' stock rating recently, resulting in a consensus rating of "Moderate Buy" and a target price of $13.50.

Trexquant Investment LP purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 258,057 shares of the communications equipment provider's stock, valued at approximately $2,888,000. Trexquant Investment LP owned approximately 0.12% of Viavi Solutions at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV boosted its stake 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 buying an additional 3,579 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in Viavi Solutions during the first quarter worth $1,098,000. Principal Financial Group Inc. boosted its stake in Viavi Solutions by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,106,034 shares of the communications equipment provider's stock worth $12,377,000 after buying an additional 30,359 shares in the last quarter. GAMMA Investing LLC boosted its stake in Viavi Solutions by 1,429.1% during the first quarter. GAMMA Investing LLC now owns 39,008 shares of the communications equipment provider's stock worth $436,000 after buying an additional 36,457 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Viavi Solutions during the first quarter worth $1,225,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research note on Friday, June 20th. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. B. Riley boosted their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Morgan Stanley upgraded shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price on the stock in a research note on Tuesday, September 2nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Activity at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions 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 transaction, the director directly owned 225,541 shares of the company's stock, valued at $2,557,634.94. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, the senior vice president directly owned 66,836 shares of the company's stock, valued at $747,226.48. This represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock valued at $605,095 over the last ninety days. 1.52% of the stock is owned by insiders.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock traded up $0.08 during trading on Tuesday, reaching $11.69. The company's stock had a trading volume of 311,004 shares, compared to its average volume of 2,392,898. The stock has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $10.26. 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 one year low of $7.91 and a one year high of $12.91. The stock has a market capitalization of $2.61 billion, a P/E ratio of 73.04 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the previous year, the business posted $0.08 earnings per share. The firm'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. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

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.