Viavi Solutions Inc. (NASDAQ:VIAV) Stake Cut by Thompson Investment Management Inc.

Thompson Investment Management Inc. reduced its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,377 shares of the communications equipment provider’s stock after selling 13,626 shares during the period. Thompson Investment Management Inc. owned about 0.22% of Viavi Solutions worth $5,003,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its stake 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 purchasing an additional 1,792 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after purchasing an additional 2,277 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Viavi Solutions by 24.0% during the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 2,300 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Viavi Solutions during the 3rd quarter worth about $25,000. Finally, KBC Group NV raised its stake in shares of Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. B. Riley raised their price target on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Northland Securities reissued 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. Argus increased their price objective on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Insiders Place Their Bets

In related news, Director Masood Jabbar sold 30,000 shares of the firm’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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,802 shares of company stock worth $481,625. 1.52% of the stock is currently owned by company insiders.

Viavi Solutions Stock Performance

VIAV opened at $12.46 on Friday. The stock’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $9.42. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91.

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.