Viavi Solutions Inc. $VIAV Stock Holdings Lifted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Viavi Solutions stake by 1,402.9% in the third quarter, adding 5.26 million shares to own 5.64 million shares worth approximately $236.4 million.
• Institutional investors hold 95.54% of Viavi’s shares, with BlackRock, Bank of America, Allspring, and Bank of New York Mellon among firms that recently initiated or expanded positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $55.43, while Viavi recently reported better-than-expected quarterly results, including $0.34 EPS and $443.1 million in revenue.

Assenagon Asset Management S.A. lifted its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 1,402.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,639,752 shares of the communications equipment provider's stock after buying an additional 5,264,496 shares during the period. Assenagon Asset Management S.A. owned approximately 2.29% of Viavi Solutions worth $236,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Viavi Solutions during the second quarter worth about $1,228,529,000. Bank of America Corp DE acquired a new stake in Viavi Solutions during the 2nd quarter valued at approximately $134,922,000. Allspring Global Investments Holdings LLC acquired a new stake in Viavi Solutions during the 1st quarter valued at approximately $75,294,000. Bowen Hanes & Co. Inc. increased its holdings in Viavi Solutions by 7.0% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 2,000,000 shares of the communications equipment provider's stock worth $66,560,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Viavi Solutions during the 2nd quarter worth approximately $87,914,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VIAV. Wall Street Zen cut Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. Rosenblatt Securities reissued a "buy" rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Zacks Research lowered shares of Viavi Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus set a $65.00 price target on shares of Viavi Solutions in a report on Wednesday, September 23rd. Finally, UBS Group cut their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.43.

Viavi Solutions Trading Down 4.5%

NASDAQ VIAV opened at $36.82 on Friday. Viavi Solutions Inc. has a one year low of $12.77 and a one year high of $60.43. The company has a 50-day simple moving average of $39.29 and a 200-day simple moving average of $42.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The firm has a market capitalization of $9.05 billion, a PE ratio of -245.45 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The business's revenue was up 52.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Insider Activity

In related news, EVP Paul McNab sold 11,032 shares of Viavi Solutions stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total value of $429,917.04. Following the sale, the executive vice president directly owned 25,639 shares in the company, valued at $999,151.83. This trade represents a 30.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laura Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 199,694 shares of company stock worth $7,976,233 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc NASDAQ: VIAV develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

The company's offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.

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