Segall Bryant & Hamill LLC Has $19.38 Million Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Segall Bryant & Hamill LLC boosted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,732,227 shares of the communications equipment provider's stock after acquiring an additional 76,572 shares during the period. Segall Bryant & Hamill LLC owned 0.78% of Viavi Solutions worth $19,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in Viavi Solutions during the 1st quarter worth $53,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of 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 valued at $70,000 after purchasing an additional 6,171 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of 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 valued at $95,000 after purchasing an additional 3,684 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Viavi Solutions by 38.1% in the 1st quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock valued at $145,000 after purchasing an additional 3,579 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Analysts Set New Price Targets

VIAV has been the topic of a number of research analyst reports. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. B. Riley reduced their target price on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.69.

Insider Buying and Selling

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions 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. The trade was a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded down $0.08 during mid-day trading on Friday, hitting $10.20. 1,408,631 shares of the stock traded hands, compared to its average volume of 1,923,368. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.32. Viavi Solutions Inc. has a twelve month low of $7.03 and a twelve month high of $12.91. The company has a market cap of $2.28 billion, a PE ratio of 510.26 and a beta of 0.88. The firm has a 50 day simple moving average of $9.62 and a two-hundred day simple moving average of $10.35.

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.