Schroder Investment Management Group Sells 573,049 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Schroder Investment Management Group lowered its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAVFree Report) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,603,936 shares of the communications equipment provider’s stock after selling 573,049 shares during the quarter. Schroder Investment Management Group owned approximately 2.07% of Viavi Solutions worth $42,080,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Earnest Partners LLC raised its holdings in shares of Viavi Solutions by 4.4% in the 3rd quarter. Earnest Partners LLC now owns 1,026,517 shares of the communications equipment provider’s stock worth $9,382,000 after purchasing an additional 43,176 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Viavi Solutions by 1.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,126,549 shares of the communications equipment provider’s stock valued at $28,577,000 after buying an additional 40,000 shares during the period. First National Bank of Omaha lifted its position in shares of Viavi Solutions by 12.8% during the 3rd quarter. First National Bank of Omaha now owns 48,513 shares of the communications equipment provider’s stock valued at $443,000 after buying an additional 5,521 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Viavi Solutions during the 3rd quarter worth $460,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Viavi Solutions in the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Paul Mcnab sold 8,374 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $8.82, for a total transaction of $73,858.68. Following the completion of the transaction, the executive vice president now directly owns 72,944 shares in the company, valued at approximately $643,366.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus upgraded Viavi Solutions from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.00 to $13.00 in a research report on Monday, February 12th. Rosenblatt Securities boosted their target price on Viavi Solutions from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Northland Securities raised their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.50.

View Our Latest Stock Report on Viavi Solutions

Viavi Solutions Trading Down 2.5 %

Shares of VIAV opened at $10.72 on Friday. The firm has a market cap of $2.39 billion, a P/E ratio of 536.00 and a beta of 0.96. The company has a 50 day simple moving average of $9.80 and a two-hundred day simple moving average of $9.19. Viavi Solutions Inc. has a 1 year low of $7.26 and a 1 year high of $11.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.09 and a quick ratio of 2.72.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last posted its earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. The business had revenue of $254.50 million for the quarter, compared to the consensus estimate of $249.77 million. On average, equities analysts expect that Viavi Solutions Inc. will post 0.22 earnings per share for the current fiscal year.

About Viavi Solutions

(Free Report)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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