Woodline Partners LP Increases 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 raised its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in VIAV. Victory Capital Management Inc. lifted its holdings in shares of Viavi Solutions by 7,293.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock worth $34,500,000 after acquiring an additional 3,041,432 shares during the last quarter. LMR Partners LLP bought a new position in Viavi Solutions during the fourth quarter valued at approximately $8,080,000. Nuveen LLC bought a new position in Viavi Solutions during the first quarter valued at approximately $6,582,000. Vanguard Group Inc. grew its position in 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 valued at $340,624,000 after acquiring an additional 540,045 shares during the last quarter. Finally, Millennium Management LLC grew its position in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock valued at $5,335,000 after acquiring an additional 320,662 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity 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 transaction 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 legal filing with the Securities & Exchange Commission, 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 sale, the senior vice president directly owned 66,836 shares of the company's stock, valued at $747,226.48. This trade represents a 15.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock valued at $605,095 over the last 90 days. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Stock Down 1.9%

NASDAQ:VIAV traded down $0.23 during mid-day trading on Friday, hitting $12.03. 2,543,987 shares of the company's stock were exchanged, compared to its average volume of 2,414,009. Viavi Solutions Inc. has a one year low of $8.10 and a one year high of $12.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. The business has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.29. The company has a market cap of $2.69 billion, a PE ratio of 75.19 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm 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 firm posted $0.08 EPS. The business's revenue for the quarter 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. Equities analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current year.

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.