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 company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Viavi Solutions Stock Down 0.3 %

NASDAQ:VIAV opened at $10.76 on Thursday. The stock’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.03. Viavi Solutions Inc. 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 company has a market cap of $2.39 billion, a price-to-earnings ratio of -59.77 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VIAV shares. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Viavi Solutions 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 price target on the stock in a research report on Friday, January 31st. Northland Securities restated an “outperform” rating and set a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus increased their price target on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $12.72.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 833 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Viavi Solutions by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 1,288 shares in the last quarter. Xponance Inc. lifted its holdings in Viavi Solutions by 11.5% during the 4th quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock worth $161,000 after buying an additional 1,649 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,792 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Viavi Solutions by 5.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after purchasing an additional 2,277 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.