Viavi Solutions Inc. (NASDAQ:VIAV) SVP Sells $149,944.02 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP James L. Veler, Jr. sold 13,807 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Viavi Solutions Stock Performance

VIAV opened at $10.76 on Thursday. The stock has a market cap of $2.39 billion, a PE ratio of -59.77 and a beta of 0.94. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $12.91. The stock’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.03.

Wall Street Analyst Weigh In

VIAV has been the subject of several analyst reports. UBS Group boosted their target price on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. StockNews.com upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. Finally, B. Riley lifted their price target on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.72.

Institutional Trading of Viavi Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Viavi Solutions by 26.3% during the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after purchasing an additional 4,085,648 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Viavi Solutions by 1.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock valued at $106,297,000 after purchasing an additional 171,746 shares during the period. Schroder Investment Management Group increased its position in shares of Viavi Solutions by 1.6% during the fourth quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock valued at $70,972,000 after purchasing an additional 112,978 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Viavi Solutions by 10.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock valued at $64,626,000 after purchasing an additional 620,773 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Viavi Solutions by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock valued at $47,887,000 after purchasing an additional 54,633 shares during the period. 95.54% of the stock is currently owned by institutional investors.

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.