Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,614,684 shares of the communications equipment provider’s stock after acquiring an additional 4,085,648 shares during the quarter. Wellington Management Group LLP owned about 0.09% of Viavi Solutions worth $198,108,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Viavi Solutions by 7.3% during 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 acquiring an additional 217,399 shares during the period. 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 in the last quarter. Paloma Partners Management Co increased its position in shares of Viavi Solutions by 147.7% during the 3rd quarter. Paloma Partners Management Co now owns 41,689 shares of the communications equipment provider’s stock valued at $376,000 after purchasing an additional 24,856 shares during the period. Stifel Financial Corp raised its stake in shares of Viavi Solutions by 27.5% in the 3rd 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Viavi Solutions in the 3rd quarter worth $381,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Activity at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the completion of the transaction, the senior vice president now directly owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,164 shares of company stock valued at $711,422. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. UBS Group boosted their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, January 31st. Argus upped their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Rosenblatt Securities raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.72.

Viavi Solutions Trading Up 1.8 %

NASDAQ:VIAV opened at $11.41 on Thursday. The stock’s 50-day moving average is $11.41 and its two-hundred day moving average is $10.35. 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 cap of $2.53 billion, a PE ratio of -63.39 and a beta of 0.89. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.

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.