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

Several other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in shares of Viavi Solutions by 7,293.1% in the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock valued at $34,500,000 after acquiring an additional 3,041,432 shares during the period. Woodline Partners LP grew its stake in Viavi Solutions by 423.7% in the 4th quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after buying an additional 2,779,615 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Viavi Solutions in the 4th quarter worth approximately $15,268,000. LMR Partners LLP purchased a new position in Viavi Solutions in the 4th quarter worth approximately $8,080,000. Finally, Dimensional Fund Advisors LP grew its stake in Viavi Solutions by 10.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock worth $64,626,000 after buying an additional 620,773 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of research reports. 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 research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of Viavi Solutions in a research note on Friday, May 2nd. 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 report on Tuesday, April 8th. B. Riley cut their price objective on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued 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 a consensus price target of $12.69.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $9.76 on Friday. The company has a fifty day moving average of $9.81 and a 200-day moving average of $10.36. Viavi Solutions Inc. has a 52-week low of $7.03 and a 52-week high of $12.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.53. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 488.24 and a beta of 0.87.

Insiders Place Their Bets

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the 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 completion of the sale, the director owned 242,311 shares of the company's stock, valued at $2,427,956.22. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.52% of the stock is owned by insiders.

Viavi Solutions Company 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.

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