Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,905,477 shares of the communications equipment provider's stock after selling 3,314,486 shares during the period. Westwood Holdings Group Inc. owned approximately 1.76% of Viavi Solutions worth $39,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VIAV. Picton Mahoney Asset Management lifted its stake in shares of Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after buying an additional 833 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after buying an additional 6,171 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $75,000. Smartleaf Asset Management LLC lifted its stake in shares of Viavi Solutions by 836.2% during the fourth 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. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Viavi Solutions by 64.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after buying an additional 3,684 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock remained flat at $9.09 during trading hours on Friday. 1,989,526 shares of the company's stock were exchanged, compared to its average volume of 1,881,849. The company's fifty day simple moving average is $10.11 and its 200 day simple moving average is $10.51. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -50.50 and a beta of 0.92. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, May 2nd. Stifel Nicolaus reiterated a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Morgan Stanley decreased their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.69.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP James L. Veler, Jr. sold 13,807 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 259,081 shares of the company's stock, valued at approximately $2,311,002.52. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,549 shares of company stock valued at $485,916 over the last 90 days. Corporate insiders own 1.52% of the company's stock.

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.