Public Sector Pension Investment Board Grows Stake in Viavi Solutions Inc. $VIAV

Key Points

• The Public Sector Pension Investment Board increased its stake in Viavi Solutions Inc. by 27.5%, owning a total of 704,416 shares valued at approximately $7.88 million.
• Viavi Solutions recently reported a $0.13 EPS for the quarter, surpassing analyst expectations and showing a 15.3% increase in revenue year-over-year.
• Multiple research firms have upgraded Viavi Solutions' stock ratings, with target prices ranging from $9.30 to $15.00, reflecting a generally positive outlook from analysts.

Public Sector Pension Investment Board grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 27.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 704,416 shares of the communications equipment provider's stock after purchasing an additional 151,792 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Viavi Solutions worth $7,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIAV. Nuveen LLC acquired a new position in shares of Viavi Solutions during the 1st quarter worth $6,582,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Viavi Solutions in the first quarter worth $936,000. Charles Schwab Investment Management Inc. increased its position in Viavi Solutions by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock valued at $37,584,000 after purchasing an additional 23,783 shares during the period. Vanguard Group Inc. raised its position in shares of Viavi Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock worth $340,624,000 after acquiring an additional 540,045 shares in the last quarter. Finally, Delta Financial Group Inc. bought a new stake in Viavi Solutions in the first quarter worth approximately $141,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Price Performance

NASDAQ VIAV traded down $0.0450 during trading on Tuesday, reaching $10.6850. The company's stock had a trading volume of 464,579 shares, compared to its average volume of 2,298,627. The firm has a fifty day moving average of $10.10 and a 200 day moving average of $10.38. Viavi Solutions Inc. has a one year low of $7.80 and a one year high of $12.91. The stock has a market capitalization of $2.39 billion, a PE ratio of 66.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

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

Insider Transactions at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total transaction of $84,017.70. Following the transaction, the director directly owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. This trade represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIAV shares. Morgan Stanley increased their price objective on shares of Viavi Solutions from $8.60 to $9.30 and gave the stock an "underweight" rating in a research report on Monday, August 11th. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of Viavi Solutions in a report on Friday, May 2nd. Rosenblatt Securities reissued a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research note on Friday, August 8th. Finally, B. Riley increased their target price 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. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and an average target price of $13.31.

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.