Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Viavi Solutions Inc. (NASDAQ:VIAV)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $762,000 in Viavi Solutions Inc. by purchasing 68,078 shares in the first quarter of the year.
• Several large investors significantly increased their stakes in Viavi Solutions, with Victory Capital Management boosting its position by 7,293.1%, now owning over 3 million shares.
• Wall Street analysts have mixed opinions on Viavi Solutions, with ratings ranging from sell to strong buy, and an average price target of $12.69.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,078 shares of the communications equipment provider's stock, valued at approximately $762,000.

Several other large investors have also modified their holdings of the business. USA Financial Formulas purchased a new position in Viavi Solutions during the 1st quarter valued at about $53,000. First Horizon Advisors Inc. raised its position in Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Sterling Capital Management LLC raised its position in 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 purchasing an additional 6,171 shares in the last quarter. TD Waterhouse Canada Inc. raised its position 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. Finally, KBC Group NV raised its position in Viavi Solutions by 38.1% in the 1st quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock valued at $145,000 after purchasing an additional 3,579 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VIAV shares. 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 cut their price target 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. UBS Group cut their price target 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price target on shares of Viavi Solutions 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.69.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the sale, the director directly owned 242,311 shares in the company, valued at approximately $2,427,956.22. The trade was a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

VIAV stock traded up $0.07 on Wednesday, reaching $10.01. 711,756 shares of the company's stock were exchanged, compared to its average volume of 2,143,119. The firm has a market cap of $2.23 billion, a PE ratio of 500.50 and a beta of 0.87. Viavi Solutions Inc. has a twelve month low of $7.05 and a twelve month high of $12.91. The stock has a fifty day moving average of $9.84 and a 200-day moving average of $10.36. The company has a quick ratio of 1.32, a current ratio of 1.53 and a debt-to-equity ratio of 0.54.

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.