Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 7,293.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,083,135 shares of the communications equipment provider's stock after buying an additional 3,041,432 shares during the quarter. Victory Capital Management Inc. owned about 1.39% of Viavi Solutions worth $34,500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in Viavi Solutions during the 1st quarter valued at approximately $53,000. First Horizon Advisors Inc. raised its stake in Viavi Solutions by 29.1% during 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 during the period. Sterling Capital Management LLC raised its stake in Viavi Solutions by 804.6% during 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 during the period. TD Waterhouse Canada Inc. raised its stake in 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 valued at $95,000 after purchasing an additional 3,684 shares during the period. Finally, Brevan Howard Capital Management LP bought a new stake in Viavi Solutions in the 4th quarter worth approximately $135,000. Institutional investors own 95.54% of the company's stock.

Insider Buying and Selling at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of 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 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, May 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. Morgan Stanley reduced their price objective on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price objective on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Viavi Solutions has an average rating of "Moderate Buy" and a consensus price target of $12.69.

Viavi Solutions Trading Up 0.8%

Shares of Viavi Solutions stock traded up $0.08 on Monday, reaching $10.28. The company had a trading volume of 1,613,663 shares, compared to its average volume of 1,925,921. The firm's 50-day moving average price is $9.64 and its two-hundred day moving average price is $10.36. Viavi Solutions Inc. has a 1 year low of $7.03 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.32. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 514.26 and a beta of 0.88.

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.