Insider Selling: Viavi Solutions Inc. (NASDAQ:VIAV) EVP Sells $100,187.06 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 9,034 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total value of $100,187.06. Following the completion of the transaction, the executive vice president now owns 38,775 shares in the company, valued at approximately $430,014.75. This trade represents a 18.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Viavi Solutions Stock Up 1.2 %

Shares of VIAV opened at $10.94 on Friday. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -60.77 and a beta of 0.94. 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. The company has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $9.98.

Analyst Ratings Changes

Several analysts have issued reports on VIAV shares. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, January 31st. Rosenblatt Securities upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Northland Securities restated an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price objective on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.72.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of VIAV. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions during the 3rd quarter worth $25,000. Picton Mahoney Asset Management lifted its position in Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 833 shares in the last quarter. Sterling Capital Management LLC lifted its position in Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Viavi Solutions in the fourth quarter valued at about $75,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Viavi Solutions by 836.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after purchasing an additional 7,434 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.