UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 107,917 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,746 shares of the communications equipment provider's stock after buying an additional 107,917 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Viavi Solutions worth $5,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VIAV. Barclays PLC grew its holdings in shares of Viavi Solutions by 4.4% during the third quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider's stock valued at $4,856,000 after buying an additional 22,893 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Viavi Solutions by 209.4% during the fourth quarter. SG Americas Securities LLC now owns 34,693 shares of the communications equipment provider's stock worth $350,000 after purchasing an additional 23,479 shares during the last quarter. Legato Capital Management LLC boosted its holdings in Viavi Solutions by 26.9% during the fourth quarter. Legato Capital Management LLC now owns 139,248 shares of the communications equipment provider's stock worth $1,406,000 after purchasing an additional 29,480 shares during the last quarter. White Pine Capital LLC boosted its holdings in Viavi Solutions by 51.0% during the fourth quarter. White Pine Capital LLC now owns 55,515 shares of the communications equipment provider's stock worth $561,000 after purchasing an additional 18,741 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Viavi Solutions by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider's stock worth $10,864,000 after purchasing an additional 29,621 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Performance

VIAV traded up $0.13 during midday trading on Friday, reaching $9.44. The company had a trading volume of 2,069,023 shares, compared to its average volume of 1,914,043. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock has a market cap of $2.11 billion, a PE ratio of -52.44 and a beta of 0.87. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The business has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $10.44.

Analysts Set New Price Targets

VIAV has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. UBS Group cut their price target on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. B. Riley cut their price target on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $12.00 to $13.50 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $12.69.

Insider Buying and Selling at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the completion of the transaction, the director now directly owns 259,081 shares of the company's stock, valued at $2,311,002.52. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company's stock.

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.