Louisiana State Employees Retirement System Buys Shares of 111,300 Viavi Solutions Inc. (NASDAQ:VIAV)

Louisiana State Employees Retirement System acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 111,300 shares of the communications equipment provider's stock, valued at approximately $1,121,000. Louisiana State Employees Retirement System owned approximately 0.05% of Viavi Solutions at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VIAV. Oak Thistle LLC bought a new position in shares of Viavi Solutions during the 3rd quarter worth $101,000. Coldstream Capital Management Inc. lifted its stake in Viavi Solutions by 13.4% in the third quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider's stock worth $109,000 after acquiring an additional 1,411 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Viavi Solutions by 17.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,570 shares of the communications equipment provider's stock worth $157,000 after acquiring an additional 2,368 shares in the last quarter. SG Americas Securities LLC purchased a new position in Viavi Solutions during the 4th quarter valued at about $169,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Viavi Solutions in the 3rd quarter valued at about $168,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Down 0.2 %

Shares of VIAV traded down $0.02 during midday trading on Wednesday, hitting $7.99. 1,223,130 shares of the company's stock traded hands, compared to its average volume of 2,109,445. Viavi Solutions Inc. has a 1 year low of $7.26 and a 1 year high of $11.65. The firm's fifty day moving average is $9.38 and its 200-day moving average is $9.06. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 399.50 and a beta of 0.95.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The company had revenue of $254.50 million during the quarter, compared to analysts' expectations of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.22 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at $615,322.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Paul Mcnab sold 15,004 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the transaction, the executive vice president now directly owns 57,940 shares in the company, valued at $615,322.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the sale, the senior vice president now directly owns 47,097 shares of the company's stock, valued at approximately $503,937.90. The disclosure for this sale can be found here. Insiders sold 30,093 shares of company stock valued at $319,841 in the last three months. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIAV shares. Morgan Stanley increased their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Susquehanna boosted their price target on Viavi Solutions from $12.00 to $14.00 and gave the stock a "positive" rating in a research report on Thursday, March 7th. Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 price objective on shares of Viavi Solutions in a research report on Monday, April 1st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Viavi Solutions in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.