BNP Paribas Financial Markets Has $815,000 Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

BNP Paribas Financial Markets lessened its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 99.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,721 shares of the communications equipment provider's stock after selling 8,375,099 shares during the period. BNP Paribas Financial Markets' holdings in Viavi Solutions were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VIAV. Picton Mahoney Asset Management raised its stake in shares of Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after buying an additional 833 shares in the last quarter. Sterling Capital Management LLC raised its stake 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 worth $70,000 after buying an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth $75,000. Smartleaf Asset Management LLC raised its stake in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after buying an additional 7,434 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake 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 worth $95,000 after buying an additional 3,684 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Analyst Ratings Changes

VIAV has been the topic of a number of research reports. Northland Securities reissued an "outperform" rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Rosenblatt Securities lifted their target price on Viavi Solutions from $12.00 to $13.50 and gave the stock a "buy" rating in a report on Friday, May 2nd. Argus lifted their target price on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. One 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.69.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. This represents a 20.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the sale, the director now owns 259,081 shares of the company's stock, valued at approximately $2,311,002.52. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,549 shares of company stock worth $485,916 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

Shares of VIAV stock remained flat at $9.09 on Friday. The stock had a trading volume of 1,989,526 shares, compared to its average volume of 1,878,700. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $2.03 billion, a P/E ratio of -50.50 and a beta of 0.92. The company has a 50-day moving average of $10.11 and a 200 day moving average of $10.51.

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.