Viavi Solutions Inc. $VIAV Shares Acquired by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in Viavi Solutions Inc. by 150.6% during the first quarter, owning approximately 0.22% of the company valued at $5.5 million.
• Institutional investors and hedge funds now hold 95.54% of Viavi Solutions' stock, indicating strong institutional confidence in the company.
• Viavi Solutions reported earnings per share of $0.13 for the last quarter, surpassing analysts' expectations, with a 15.3% year-over-year revenue increase.

Canada Pension Plan Investment Board lifted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 150.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,400 shares of the communications equipment provider's stock after buying an additional 295,300 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.22% of Viavi Solutions worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock worth $340,624,000 after buying an additional 540,045 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Viavi Solutions by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider's stock worth $118,173,000 after buying an additional 36,172 shares in the last quarter. Woodline Partners LP grew its position in shares of Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after buying an additional 2,779,615 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Viavi Solutions by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock worth $37,584,000 after buying an additional 23,783 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Viavi Solutions by 7,293.1% during the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock worth $34,500,000 after purchasing an additional 3,041,432 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Insider Activity at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90. Following the sale, the director directly owned 225,541 shares in the company, valued at $2,557,634.94. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the sale, the senior vice president owned 66,836 shares in the company, valued at approximately $747,226.48. This represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,873 shares of company stock worth $605,095 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

VIAV stock opened at $11.50 on Thursday. Viavi Solutions Inc. has a 1 year low of $7.80 and a 1 year high of $12.91. The stock's fifty day moving average is $10.50 and its two-hundred day moving average is $10.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 71.88 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The business had revenue of $290.50 million for the quarter, compared to analysts' expectations of $285.19 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company's revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, research analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VIAV. UBS Group raised their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a research note on Friday, August 8th. Rosenblatt Securities restated a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. B. Riley raised their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.50.

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.

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