Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 63.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,501 shares of the communications equipment provider's stock after buying an additional 83,659 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of Viavi Solutions worth $2,166,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dean Capital Management boosted its position in Viavi Solutions by 37.5% during the fourth quarter. Dean Capital Management now owns 221,445 shares of the communications equipment provider's stock valued at $2,237,000 after purchasing an additional 60,441 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Viavi Solutions during the fourth quarter worth $135,000. Ameriprise Financial Inc. lifted its holdings in shares of Viavi Solutions by 4.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,337,490 shares of the communications equipment provider's stock valued at $23,609,000 after purchasing an additional 92,382 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of Viavi Solutions in the 4th quarter worth $1,818,000. Finally, Westerly Capital Management LLC grew its stake in Viavi Solutions by 38.1% during the 4th quarter. Westerly Capital Management LLC now owns 1,450,000 shares of the communications equipment provider's stock worth $14,645,000 after buying an additional 400,000 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Performance

Shares of VIAV stock traded down $0.06 during trading hours on Wednesday, hitting $9.19. The company's stock had a trading volume of 139,888 shares, compared to its average volume of 1,877,414. The stock has a market cap of $2.05 billion, a PE ratio of -51.02 and a beta of 0.92. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a 50 day moving average of $10.02 and a 200 day moving average of $10.49. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.

Insiders Place Their Bets

In other news, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total transaction of $74,794.20. Following the sale, the director now directly owns 259,081 shares in the company, valued at $2,311,002.52. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,549 shares of company stock valued at $485,916. Company insiders own 1.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIAV. UBS Group decreased their price target on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Northland Securities reaffirmed an "outperform" rating and issued a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Stifel Nicolaus reiterated a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Morgan Stanley dropped their price objective 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. Finally, B. Riley cut their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Viavi Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $12.69.

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.