Two Sigma Advisers LP trimmed its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 88.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. ProShare Advisors LLC raised its position in Viavi Solutions by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 66,390 shares of the communications equipment provider's stock valued at $671,000 after buying an additional 20,419 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Viavi Solutions by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 125,286 shares of the communications equipment provider's stock valued at $1,265,000 after buying an additional 4,772 shares during the period. LMR Partners LLP acquired a new position in Viavi Solutions during the fourth quarter valued at $8,080,000. Jefferies Financial Group Inc. acquired a new position in Viavi Solutions during the fourth quarter valued at $2,059,000. Finally, Deutsche Bank AG raised its position in Viavi Solutions by 63.9% during the fourth quarter. Deutsche Bank AG now owns 214,501 shares of the communications equipment provider's stock valued at $2,166,000 after buying an additional 83,659 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Viavi Solutions
In other news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total transaction of $74,794.20. Following the completion of the sale, the director now owns 259,081 shares in the company, valued at approximately $2,311,002.52. This represents a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on VIAV. Morgan Stanley dropped their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a research report on Friday, May 2nd. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. B. Riley dropped their target price on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group dropped their target price on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.69.
Read Our Latest Analysis on VIAV
Viavi Solutions Stock Performance
VIAV opened at $9.44 on Monday. The company has a market cap of $2.11 billion, a PE ratio of -52.44 and a beta of 0.87. The stock has a 50-day moving average of $9.66 and a 200-day moving average of $10.45. 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 quick ratio of 3.18 and a current ratio of 3.55.
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.
See Also
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