Woodline Partners LP Has $49.06 Million Position in Viavi Solutions Inc. $VIAV

Key Points

• Woodline Partners LP increased its stake in Viavi Solutions by 27.6%, acquiring an additional 948,472 shares, bringing its total ownership to approximately 4.38 million shares valued at $49 million.
• Institutional investors own approximately 95.54% of Viavi Solutions, with notable increases in holdings by several firms including Northern Trust Corp and Deutsche Bank AG.
• Viavi Solutions announced a quarterly EPS of $0.13, exceeding analysts' expectations, and reported a revenue increase of 15.3% compared to the same quarter last year.

Woodline Partners LP grew its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 27.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,384,150 shares of the communications equipment provider's stock after purchasing an additional 948,472 shares during the quarter. Woodline Partners LP owned 1.96% of Viavi Solutions worth $49,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Viavi Solutions by 13.6% in the fourth quarter. Northern Trust Corp now owns 2,517,015 shares of the communications equipment provider's stock worth $25,422,000 after acquiring an additional 301,482 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Viavi Solutions by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,337,490 shares of the communications equipment provider's stock valued at $23,609,000 after purchasing an additional 92,382 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Viavi Solutions during the fourth quarter valued at approximately $135,000. Deutsche Bank AG grew its holdings in shares of Viavi Solutions by 63.9% during the fourth quarter. Deutsche Bank AG now owns 214,501 shares of the communications equipment provider's stock valued at $2,166,000 after purchasing an additional 83,659 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Viavi Solutions in the 4th quarter worth approximately $2,059,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Stock Performance

VIAV stock traded down $0.23 during mid-day trading on Friday, reaching $12.03. 2,543,987 shares of the stock traded hands, compared to its average volume of 3,278,310. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $12.91. The business has a 50-day moving average of $10.73 and a two-hundred day moving average of $10.29. The firm has a market capitalization of $2.69 billion, a PE ratio of 75.19 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) 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 company had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, equities analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VIAV shares. B. Riley upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective for the company in a research report on Tuesday, September 2nd. UBS Group increased their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Transactions at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,115 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $146,625.70. Following the completion of the sale, the senior vice president owned 71,159 shares of the company's stock, valued at $795,557.62. This trade represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the completion of the sale, the senior vice president directly owned 66,836 shares of the company's stock, valued at approximately $747,226.48. This represents a 15.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,873 shares of company stock valued at $605,095. Corporate insiders own 1.52% of the company's stock.

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.