10,400 Shares in Viavi Solutions Inc. (NASDAQ:VIAV) Acquired by Retirement Solution LLC

Retirement Solution LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,400 shares of the communications equipment provider’s stock, valued at approximately $105,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Amundi boosted its position in shares of Viavi Solutions by 185.5% during the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider’s stock worth $1,132,000 after purchasing an additional 72,599 shares during the period. Raymond James Financial Inc. purchased a new position in Viavi Solutions in the 4th quarter valued at approximately $718,000. Charles Schwab Investment Management Inc. boosted its position in Viavi Solutions by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider’s stock valued at $33,682,000 after buying an additional 139,934 shares during the period. Smartleaf Asset Management LLC boosted its position 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. Finally, Bank of New York Mellon Corp boosted its position in Viavi Solutions by 14.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider’s stock valued at $35,106,000 after buying an additional 435,265 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the subject of several recent research reports. Northland Securities reissued an “outperform” rating and issued a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, January 31st. StockNews.com cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Argus lifted their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $12.72.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of Viavi Solutions stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the transaction, the executive vice president now directly owns 38,775 shares in the company, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction dated 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 sale, the senior vice president now directly owns 54,517 shares in the company, 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. Over the last three months, insiders have sold 56,159 shares of company stock worth $590,702. 1.52% of the stock is owned by company insiders.

Viavi Solutions Trading Up 1.2 %

NASDAQ VIAV opened at $10.94 on Friday. 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 firm has a market cap of $2.43 billion, a PE ratio of -60.77 and a beta of 0.94. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $12.91. The firm’s fifty day moving average is $11.02 and its two-hundred day moving average is $9.98.

Viavi Solutions 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.