Viavi Solutions (NASDAQ:VIAV) Cut to Buy at StockNews.com

StockNews.com cut shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a research note released on Tuesday.

VIAV has been the subject of a number of other reports. B. Riley lifted their price target 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. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 31st. Argus upped their target price on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. UBS Group raised their price target on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Rosenblatt Securities upped their price objective on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.33.

Viavi Solutions Stock Down 1.9 %

NASDAQ VIAV opened at $11.08 on Tuesday. 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 has a 52 week low of $6.60 and a 52 week high of $12.91. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -61.55 and a beta of 0.92. The company has a fifty day moving average of $10.93 and a two-hundred day moving average of $9.83.

Insiders Place Their Bets

In other news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at $568,612.31. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

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