Two Sigma Advisers LP cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 88.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,300 shares of the communications equipment provider's stock after selling 79,100 shares during the period. Two Sigma Advisers LP's holdings in Viavi Solutions were worth $104,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Viavi Solutions by 26.3% in the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock worth $198,108,000 after acquiring an additional 4,085,648 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Viavi Solutions by 1.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider's stock worth $106,297,000 after purchasing an additional 171,746 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Viavi Solutions by 1.6% in the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider's stock valued at $70,972,000 after buying an additional 112,978 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Viavi Solutions by 10.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock worth $64,626,000 after acquiring an additional 620,773 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Viavi Solutions by 14.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider's stock valued at $35,106,000 after acquiring an additional 435,265 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on VIAV shares. Morgan Stanley lowered their price objective on shares of 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 decreased their price objective on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, May 2nd. Rosenblatt Securities raised their target price on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, UBS Group cut their price target on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.69.
Read Our Latest Stock Report on Viavi Solutions
Viavi Solutions Trading Up 0.2%
VIAV stock traded up $0.02 during trading on Thursday, hitting $9.39. The company had a trading volume of 1,227,103 shares, compared to its average volume of 1,923,809. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock has a market cap of $2.10 billion, a PE ratio of -52.16 and a beta of 0.87. The business has a 50-day moving average of $9.60 and a 200-day moving average of $10.43. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91.
Insider Activity
In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $8.92, for a total transaction of $74,794.20. Following the transaction, the director now owns 259,081 shares of the company's stock, valued at $2,311,002.52. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.
About Viavi Solutions
(
Free Report)
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.
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