Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,002,957 shares of the communications equipment provider’s stock after purchasing an additional 27,493 shares during the quarter. Fisher Asset Management LLC owned 0.45% of Viavi Solutions worth $9,047,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VIAV. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions in the 3rd quarter valued at $25,000. Innealta Capital LLC purchased a new stake in Viavi Solutions during the 2nd quarter worth approximately $38,000. Quarry LP raised its holdings in Viavi Solutions by 419.7% in the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after acquiring an additional 5,838 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at about $52,000. Finally, KBC Group NV raised its stake in Viavi Solutions by 53.0% during the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of research reports. Northland Securities increased their target price on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group assumed coverage on Viavi Solutions in a report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Friday, November 1st. Stifel Nicolaus dropped their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities boosted their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

Insider Activity

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.20, for a total value of $123,000.00. Following the completion of the sale, the director now owns 228,514 shares in the company, valued at $1,873,814.80. This represents a 6.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Mcnab sold 5,920 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.45, for a total transaction of $50,024.00. Following the transaction, the executive vice president now owns 34,545 shares in the company, valued at approximately $291,905.25. This represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,949 shares of company stock worth $489,511. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Performance

Shares of VIAV opened at $9.88 on Thursday. The company has a 50-day moving average of $9.41 and a two-hundred day moving average of $8.28. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -58.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.32.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The firm had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue was down 3.9% on a year-over-year basis. On average, equities research analysts expect that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Viavi Solutions Profile

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.