Woodline Partners LP grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 423.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,435,678 shares of the communications equipment provider's stock after purchasing an additional 2,779,615 shares during the quarter. Woodline Partners LP owned approximately 1.55% of Viavi Solutions worth $34,700,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Picton Mahoney Asset Management boosted 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 acquiring an additional 833 shares during the last quarter. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Viavi Solutions in the 4th quarter worth approximately $75,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Viavi Solutions by 64.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after purchasing an additional 3,684 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 NASDAQ VIAV remained flat at $9.09 during mid-day trading on Monday. The stock had a trading volume of 1,989,526 shares, compared to its average volume of 1,881,849. The stock's 50-day moving average is $10.11 and its 200-day moving average is $10.51. 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 firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -50.50 and a beta of 0.92. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.
Analyst Ratings Changes
A number of equities analysts recently commented on VIAV shares. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Morgan Stanley cut their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Argus upped their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $12.69.
Check Out Our Latest Stock Analysis on VIAV
Insider Buying and Selling at Viavi Solutions
In related news, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. Insiders sold a total of 45,549 shares of company stock worth $485,916 over the last three months. Insiders own 1.52% of the company's stock.
About Viavi Solutions
(
Free Report)
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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