Viavi Solutions Inc. (NASDAQ:VIAV) Receives $12.72 Average PT from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.72.

A number of equities research analysts have recently weighed in on VIAV shares. Argus lifted their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. B. Riley boosted their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. StockNews.com lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, Needham & Company LLC raised shares of 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.

Insider Activity

In related news, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total transaction of $100,187.06. Following the transaction, the executive vice president now owns 38,775 shares in the company, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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. Insiders have sold a total of 67,164 shares of company stock worth $711,422 over the last 90 days. 1.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in 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. raised its position in Viavi Solutions by 1.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock worth $106,297,000 after acquiring an additional 171,746 shares during the period. Schroder Investment Management Group raised its position in Viavi Solutions by 1.6% in the fourth quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock worth $70,972,000 after acquiring an additional 112,978 shares during the period. Dimensional Fund Advisors LP raised its position in Viavi Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock worth $64,626,000 after acquiring an additional 620,773 shares during the period. Finally, Geode Capital Management LLC raised its position in Viavi Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after acquiring an additional 54,633 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Up 2.3 %

Shares of VIAV opened at $11.62 on Friday. The firm’s 50-day moving average price is $11.21 and its 200-day moving average price is $10.16. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -64.55 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 has a 1-year low of $6.60 and a 1-year high of $12.91.

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.