White Pine Capital LLC Boosts Position in Viavi Solutions Inc. (NASDAQ:VIAV)

White Pine Capital LLC increased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 51.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,515 shares of the communications equipment provider’s stock after acquiring an additional 18,741 shares during the quarter. White Pine Capital LLC’s holdings in Viavi Solutions were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after purchasing an additional 54,633 shares during the period. Charles Schwab Investment Management Inc. raised its stake in 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 worth $28,819,000 after buying an additional 217,399 shares in the last quarter. Leeward Investments LLC MA lifted its holdings in Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after buying an additional 249,554 shares during the period. Tributary Capital Management LLC boosted its position in Viavi Solutions by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock valued at $12,904,000 after acquiring an additional 161,532 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Viavi Solutions by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,002,957 shares of the communications equipment provider’s stock worth $9,047,000 after acquiring an additional 27,493 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Down 0.6 %

Shares of NASDAQ VIAV opened at $12.23 on Friday. The firm’s 50 day moving average price is $10.71 and its 200-day moving average price is $9.55. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The company has a market cap of $2.72 billion, a PE ratio of -67.94 and a beta of 0.92.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. B. Riley raised their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. UBS Group upped their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

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.