Wellington Management Group LLP Trims Stock Holdings in Viavi Solutions Inc. $VIAV

Wellington Management Group LLP decreased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,800,053 shares of the communications equipment provider's stock after selling 1,643,241 shares during the period. Wellington Management Group LLP owned approximately 1.62% of Viavi Solutions worth $181,453,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Denver PWM LLC purchased a new stake in Viavi Solutions during the 2nd quarter valued at approximately $381,000. Empowered Funds LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at approximately $9,422,000. Jefferies Financial Group Inc. purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at approximately $1,026,000. Public Employees Retirement System of Ohio acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $3,491,000. Finally, Ma Investment Partnership LP acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $23,875,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group decreased their price target on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Needham & Company LLC cut their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Susquehanna raised their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research note on Wednesday, July 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Viavi Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $49.88.

Viavi Solutions Stock Down 0.7%

Viavi Solutions stock opened at $36.29 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a 1-year low of $11.09 and a 1-year high of $60.43. The company has a market cap of $8.95 billion, a PE ratio of -241.92 and a beta of 1.22. The stock's 50 day moving average price is $40.88 and its 200 day moving average price is $40.97.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during 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%.Viavi Solutions's quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, sell-side analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 23,911 shares of the firm's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the sale, the senior vice president owned 39,598 shares in the company, valued at $1,440,179.26. This trade represents a 37.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This represents a 84.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is owned by company insiders.

Viavi Solutions Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi's product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.

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