Teachers Retirement System of The State of Kentucky Buys 192,741 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Teachers Retirement System of The State of Kentucky lifted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 260.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 266,641 shares of the communications equipment provider's stock after acquiring an additional 192,741 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.12% of Viavi Solutions worth $2,693,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after purchasing an additional 833 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Viavi Solutions during the 4th quarter valued at $75,000. Smartleaf Asset Management LLC grew its holdings in Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after acquiring an additional 7,434 shares during the last quarter. Finally, Retirement Solution LLC bought a new stake in Viavi Solutions in the 4th quarter worth $105,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Wall Street Analyst Weigh In

VIAV has been the subject of a number of analyst reports. Rosenblatt Securities dropped their target price on shares of Viavi Solutions from $14.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group boosted their target price on Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. StockNews.com lowered Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Needham & Company LLC raised shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Friday, January 31st. Finally, B. Riley raised their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.28.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now directly owns 55,877 shares of the company's stock, valued at $628,057.48. The trade was a 20.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the company'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 disclosure for this sale can be found here. Insiders have sold 37,164 shares of company stock valued at $411,122 over the last quarter. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Stock Down 0.2 %

Shares of NASDAQ:VIAV traded down $0.02 during midday trading on Wednesday, reaching $10.51. The company's stock had a trading volume of 377,383 shares, compared to its average volume of 1,766,974. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average of $10.71 and a 200-day moving average of $10.51. The firm has a market capitalization of $2.34 billion, a P/E ratio of -58.25 and a beta of 0.89. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91.

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.