Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 6.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 462,596 shares of the communications equipment provider's stock after selling 32,781 shares during the period. Thompson Investment Management Inc. owned about 0.21% of Viavi Solutions worth $5,176,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Viavi Solutions by 26.3% during the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock worth $198,108,000 after purchasing an additional 4,085,648 shares during the last quarter. Woodline Partners LP raised its position in shares of Viavi Solutions by 423.7% during the 4th quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after purchasing an additional 2,779,615 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Viavi Solutions during the 4th quarter worth about $16,722,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Viavi Solutions during the 4th quarter worth about $15,268,000. Finally, LMR Partners LLP acquired a new position in shares of Viavi Solutions during the 4th quarter worth about $8,080,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Trading Down 2.2%

Shares of Viavi Solutions stock traded down $0.21 during mid-day trading on Friday, hitting $9.18. The stock had a trading volume of 2,384,370 shares, compared to its average volume of 1,935,089. The firm has a 50-day moving average of $9.58 and a two-hundred day moving average of $10.42. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-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 firm has a market cap of $2.05 billion, a P/E ratio of -51.00 and a beta of 0.87.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $8.92, for a total value 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. This represents a 3.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.52% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VIAV shares. B. Riley reduced their price target on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. UBS Group dropped their price objective on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, May 2nd. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.69.

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.