UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.15 Million Position in Viavi Solutions Inc. (NASDAQ:VIAV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 26.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 509,746 shares of the communications equipment provider's stock after acquiring an additional 107,917 shares during the period. 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 large investors also recently made changes to their positions in VIAV. Picton Mahoney Asset Management increased its position in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after purchasing an additional 833 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after acquiring an additional 6,171 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Viavi Solutions during the 4th quarter valued at $75,000. Smartleaf Asset Management LLC boosted its position in Viavi Solutions by 836.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after purchasing an additional 7,434 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in Viavi Solutions by 64.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock valued at $95,000 after purchasing an additional 3,684 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insider Activity at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $8.92, for a total value of $74,794.20. Following the sale, the director now owns 259,081 shares of the company's stock, valued at $2,311,002.52. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by company insiders.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $0.15 on Friday, reaching $9.46. 623,501 shares of the company traded hands, compared to its average volume of 1,904,910. 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 stock has a market capitalization of $2.11 billion, a PE ratio of -52.52 and a beta of 0.92. The company's 50 day moving average is $9.70 and its 200-day moving average is $10.44. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.

Analysts Set New Price Targets

A number of research analysts have commented on VIAV shares. UBS Group reduced their price objective on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of Viavi Solutions in a report on Friday, May 2nd. B. Riley dropped their price objective on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Viavi Solutions has an average rating of "Moderate Buy" and an average target price of $12.69.

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.