Viavi Solutions Inc. (NASDAQ:VIAV) Given Average Rating of “Hold” by Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received an average recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.72.

A number of analysts have recently commented on the stock. Northland Securities reissued an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus boosted their price target 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. Rosenblatt Securities upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, March 7th. UBS Group lifted their target price on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Morgan Stanley increased their price target on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the transaction, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,164 shares of company stock worth $711,422. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently bought and sold shares of VIAV. Wellington Management Group LLP grew its position in shares of Viavi Solutions by 26.3% in 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 last quarter. Woodline Partners LP boosted its stake in Viavi Solutions by 423.7% in the 4th quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock valued at $34,700,000 after purchasing an additional 2,779,615 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Viavi Solutions in the 4th quarter valued at $16,722,000. Arrowstreet Capital Limited Partnership acquired a new position in Viavi Solutions in the 4th quarter valued at $15,268,000. Finally, LMR Partners LLP bought a new position in Viavi Solutions during the 4th quarter worth $8,080,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Trading Down 0.1 %

NASDAQ VIAV opened at $11.36 on Friday. Viavi Solutions 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 stock’s 50 day moving average price is $11.17 and its two-hundred day moving average price is $10.13. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -63.11 and a beta of 0.94.

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.