Schroder Investment Management Group Has $70.97 Million Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Schroder Investment Management Group raised its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 7,040,890 shares of the communications equipment provider’s stock after purchasing an additional 112,978 shares during the quarter. Schroder Investment Management Group’s holdings in Viavi Solutions were worth $70,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock valued at $28,819,000 after purchasing an additional 217,399 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Viavi Solutions by 7.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 4,043 shares during the period. Edgestream Partners L.P. grew its holdings in Viavi Solutions by 100.2% in the 3rd quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider’s stock valued at $2,979,000 after buying an additional 165,339 shares during the last quarter. Paloma Partners Management Co increased its position in Viavi Solutions by 147.7% in the 3rd quarter. Paloma Partners Management Co now owns 41,689 shares of the communications equipment provider’s stock worth $376,000 after buying an additional 24,856 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Viavi Solutions by 27.5% during the third quarter. Stifel Financial Corp now owns 95,466 shares of the communications equipment provider’s stock worth $861,000 after buying an additional 20,592 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $11.19 on Tuesday. The stock has a market capitalization of $2.49 billion, a P/E ratio of -62.16 and a beta of 0.94. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $12.91. The firm has a 50 day moving average of $11.37 and a 200-day moving average of $10.32.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIAV. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, March 7th. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, January 31st. Morgan Stanley lifted their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. B. Riley upped their price target on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, StockNews.com lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

Insider Transactions at Viavi Solutions

In related news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 9,034 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total transaction of $100,187.06. Following the completion of the transaction, the executive vice president now directly owns 38,775 shares in the company, valued at $430,014.75. This trade represents a 18.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,164 shares of company stock worth $711,422. Corporate insiders own 1.52% of the company’s stock.

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.