Marshall Wace LLP lifted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 201.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,200 shares of the communications equipment provider's stock after buying an additional 32,867 shares during the quarter. Marshall Wace LLP's holdings in Viavi Solutions were worth $497,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Guggenheim Capital LLC increased its position in shares of Viavi Solutions by 85.3% during the fourth quarter. Guggenheim Capital LLC now owns 45,720 shares of the communications equipment provider's stock worth $462,000 after purchasing an additional 21,048 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Viavi Solutions by 804.6% in the fourth 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. Raymond James Financial Inc. acquired a new stake in shares of Viavi Solutions in the fourth quarter valued at approximately $718,000. Renaissance Technologies LLC increased its holdings in shares of Viavi Solutions by 198.7% in the 4th quarter. Renaissance Technologies LLC now owns 157,400 shares of the communications equipment provider's stock valued at $1,590,000 after acquiring an additional 104,700 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Viavi Solutions by 2.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 967,032 shares of the communications equipment provider's stock valued at $9,767,000 after purchasing an additional 22,387 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.
Viavi Solutions Price Performance
Shares of VIAV stock traded down $0.01 during midday trading on Thursday, reaching $9.00. 255,949 shares of the company traded hands, compared to its average volume of 1,823,167. The firm's 50 day simple moving average is $10.51 and its two-hundred day simple moving average is $10.52. The firm has a market cap of $2.01 billion, a PE ratio of -50.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Northland Securities reaffirmed an "outperform" rating and set a $14.00 price objective (up from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. B. Riley decreased their price objective on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Rosenblatt Securities boosted their target price on Viavi Solutions from $12.00 to $13.50 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.69.
View Our Latest Research Report on VIAV
Insider Buying and Selling at Viavi Solutions
In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company's stock, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,164 shares of company stock valued at $411,122. 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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