109,500 Shares in Viavi Solutions Inc. $VIAV Bought by Versor Investments LP

Key Points

• Versor Investments LP has made a new investment of approximately $1.23 million in Viavi Solutions Inc., acquiring 109,500 shares during the first quarter of the year.
• Institutional investors and hedge funds now own approximately 95.54% of Viavi Solutions' stock, indicating strong institutional confidence in the company.
• Viavi Solutions reported earnings of $0.13 per share for the last quarter, surpassing analyst expectations, with revenue up 15.3% year-over-year at $290.50 million.

Versor Investments LP acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 109,500 shares of the communications equipment provider's stock, valued at approximately $1,225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VIAV. USA Financial Formulas bought a new position in Viavi Solutions in the 1st quarter worth approximately $53,000. First Horizon Advisors Inc. boosted its holdings 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 worth $56,000 after buying an additional 1,138 shares during the period. Sterling Capital Management LLC boosted its holdings 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 worth $70,000 after buying an additional 6,171 shares during the period. TD Waterhouse Canada Inc. boosted 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 worth $95,000 after buying an additional 3,684 shares during the period. Finally, Brevan Howard Capital Management LP bought a new position in Viavi Solutions in the 4th quarter worth approximately $135,000. 95.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VIAV has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Viavi Solutions in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Rosenblatt Securities restated a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. UBS Group boosted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Viavi Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $13.31.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions 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 directly owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. The trade was a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded up $0.32 during mid-day trading on Friday, reaching $11.10. 4,122,856 shares of the company were exchanged, compared to its average volume of 3,423,554. Viavi Solutions Inc. has a 52 week low of $7.80 and a 52 week high of $12.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.48 billion, a PE ratio of 69.38 and a beta of 0.87. The company's 50 day moving average price is $10.21 and its 200 day moving average price is $10.36.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $285.19 million. During the same period in the previous year, the firm posted $0.08 EPS. The firm's revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

About Viavi Solutions

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.