Viavi Solutions Inc. (VIAV) Shares Bought by Fisher Asset Management LLC
Fisher Asset Management LLC raised its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 17.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 773,413 shares of the company’s stock after buying an additional 116,100 shares during the period. Fisher Asset Management LLC owned about 0.33% of Viavi Solutions worth $5,716,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC acquired a new position in shares of Viavi Solutions during the second quarter valued at approximately $103,000. Hsbc Holdings PLC increased its position in shares of Viavi Solutions by 0.6% in the second quarter. Hsbc Holdings PLC now owns 17,438 shares of the company’s stock valued at $116,000 after buying an additional 98 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Viavi Solutions during the second quarter valued at approximately $121,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Viavi Solutions during the second quarter valued at approximately $130,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Viavi Solutions by 152.0% in the second quarter. Tower Research Capital LLC TRC now owns 19,559 shares of the company’s stock valued at $130,000 after buying an additional 11,799 shares in the last quarter. Institutional investors own 86.87% of the company’s stock.
Viavi Solutions Inc. (NASDAQ:VIAV) traded up 0.88% during mid-day trading on Tuesday, hitting $8.00. The stock had a trading volume of 884,340 shares. Viavi Solutions Inc. has a 12 month low of $4.68 and a 12 month high of $8.08. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 39.22 and a beta of 1.59. The firm’s 50-day moving average is $7.51 and its 200 day moving average is $7.22.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm earned $210.80 million during the quarter, compared to the consensus estimate of $208.14 million. Viavi Solutions had a return on equity of 8.25% and a net margin of 5.16%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts anticipate that Viavi Solutions Inc. will post $0.33 EPS for the current fiscal year.
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Several analysts recently issued reports on VIAV shares. B. Riley restated a “neutral” rating and issued a $6.75 price target on shares of Viavi Solutions in a research note on Wednesday, August 10th. Jefferies Group boosted their price target on Viavi Solutions from $5.75 to $7.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Morgan Stanley restated a “hold” rating and issued a $6.00 price target on shares of Viavi Solutions in a research note on Friday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Monday, August 15th. Finally, Zacks Investment Research upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.83.
In other news, EVP Paul Mcnab sold 36,690 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $7.40, for a total value of $271,506.00. Following the completion of the sale, the executive vice president now directly owns 27,936 shares of the company’s stock, valued at $206,726.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Susan Louise Spradley sold 3,981 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $7.89, for a total value of $31,410.09. Following the completion of the sale, the senior vice president now directly owns 11,257 shares of the company’s stock, valued at $88,817.73. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Viavi Solutions Company Profile
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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