Jefferies Financial Group Inc. bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 203,900 shares of the communications equipment provider's stock, valued at approximately $2,059,000. Jefferies Financial Group Inc. owned 0.09% of Viavi Solutions at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in Viavi Solutions by 63.9% during the 4th quarter. Deutsche Bank AG now owns 214,501 shares of the communications equipment provider's stock valued at $2,166,000 after acquiring an additional 83,659 shares during the period. Dean Capital Management boosted its holdings in Viavi Solutions by 37.5% during the 4th quarter. Dean Capital Management now owns 221,445 shares of the communications equipment provider's stock valued at $2,237,000 after acquiring an additional 60,441 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Viavi Solutions in the 4th quarter valued at about $135,000. Ameriprise Financial Inc. boosted its stake in shares of Viavi Solutions by 4.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,337,490 shares of the communications equipment provider's stock valued at $23,609,000 after buying an additional 92,382 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Viavi Solutions in the 4th quarter valued at about $1,818,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on VIAV shares. UBS Group decreased their price objective on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus reiterated a "buy" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Northland Securities reiterated an "outperform" rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. StockNews.com upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley decreased their target price on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.69.
Get Our Latest Stock Report on Viavi Solutions
Viavi Solutions Stock Performance
VIAV traded down $0.07 during trading on Friday, hitting $9.34. 3,612,075 shares of the stock were exchanged, compared to its average volume of 1,872,373. The firm has a market capitalization of $2.09 billion, a P/E ratio of -51.89 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 stock has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $10.53. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94.
Insiders Place Their Bets
In other news, SVP James L. Veler, Jr. sold 13,807 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 259,081 shares in the company, valued at approximately $2,311,002.52. The trade was a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,549 shares of company stock valued at $485,916 over the last quarter. Company insiders own 1.52% of the company's stock.
About Viavi Solutions
(
Free Report)
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.
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