1,655,655 Shares in Viavi Solutions Inc. (NASDAQ:VIAV) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,655,655 shares of the communications equipment provider’s stock, valued at approximately $16,722,000. Segall Bryant & Hamill LLC owned approximately 0.75% of Viavi Solutions as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VIAV. Picton Mahoney Asset Management increased its position in shares of Viavi Solutions by 35.0% during 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 period. Venturi Wealth Management LLC bought a new stake in Viavi Solutions in the 4th quarter valued at $75,000. Smartleaf Asset Management LLC increased 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 valued at $84,000 after buying an additional 7,434 shares during the period. Retirement Solution LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $105,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after acquiring an additional 1,792 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

VIAV stock opened at $11.71 on Wednesday. The company has a 50 day moving average price of $11.28 and a 200 day moving average price of $10.23. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The stock has a market capitalization of $2.60 billion, a PE ratio of -65.05 and a beta of 0.94.

Insider Transactions at Viavi Solutions

In other news, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now directly owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,164 shares of company stock worth $711,422 over the last 90 days. 1.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on VIAV shares. Morgan Stanley boosted their price target on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Argus upped their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. StockNews.com cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. B. Riley boosted their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Northland Securities reaffirmed an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.72.

Viavi Solutions Company Profile

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.