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

BNP Paribas Financial Markets decreased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 99.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,721 shares of the communications equipment provider's stock after selling 8,375,099 shares during the quarter. BNP Paribas Financial Markets' holdings in Viavi Solutions were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VIAV. Picton Mahoney Asset Management raised its position in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after purchasing an additional 833 shares during the period. Sterling Capital Management LLC grew its position in Viavi Solutions by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after acquiring an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Viavi Solutions during the fourth quarter worth $75,000. Smartleaf Asset Management LLC boosted its stake in shares of Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock valued at $84,000 after purchasing an additional 7,434 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings 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 in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VIAV. Northland Securities reaffirmed an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Morgan Stanley reduced their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. UBS Group dropped their price objective on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities lifted their price objective on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus restated a "buy" rating and issued a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.69.

Insider Transactions at Viavi Solutions

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

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $0.15 during trading on Tuesday, reaching $9.24. The company had a trading volume of 2,462,147 shares, compared to its average volume of 1,884,170. The firm's fifty day moving average is $10.02 and its 200 day moving average is $10.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The firm has a market capitalization of $2.06 billion, a PE ratio of -51.33 and a beta of 0.92. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91.

Viavi Solutions 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.