Thompson Investment Management Inc. Lowers Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Thompson Investment Management Inc. lowered its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 462,596 shares of the communications equipment provider's stock after selling 32,781 shares during the quarter. Thompson Investment Management Inc. owned approximately 0.21% of Viavi Solutions worth $5,176,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Amundi lifted its stake in shares of Viavi Solutions by 185.5% in the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock valued at $1,132,000 after purchasing an additional 72,599 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Viavi Solutions by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock valued at $33,682,000 after buying an additional 139,934 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 during the period. Marshall Wace LLP increased its stake in shares of Viavi Solutions by 201.2% in the 4th quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider's stock worth $497,000 after acquiring an additional 32,867 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Viavi Solutions by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider's stock valued at $10,864,000 after acquiring an additional 29,621 shares during the period. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Performance

NASDAQ VIAV traded up $0.02 during trading hours on Thursday, hitting $9.39. The company's stock had a trading volume of 1,227,103 shares, compared to its average volume of 1,925,958. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company's 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $10.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The company has a market cap of $2.10 billion, a P/E ratio of -52.16 and a beta of 0.87.

Analyst Ratings Changes

A number of brokerages have weighed in on VIAV. B. Riley decreased their target price on shares of Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities lifted their price objective on Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a research note on Friday, May 2nd. UBS Group dropped their target price on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of Viavi Solutions in a report on Friday, May 2nd. Finally, Morgan Stanley dropped their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Viavi Solutions presently has an average 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 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 transaction of $74,794.20. Following the completion of the sale, the director now directly owns 259,081 shares of the company's stock, valued at approximately $2,311,002.52. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

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.