Century Capital Management LLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,534 shares of the communications equipment provider’s stock, valued at approximately $722,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Viavi Solutions by 4.4% during the first quarter. Vanguard Group Inc. now owns 20,894,176 shares of the communications equipment provider’s stock worth $223,986,000 after acquiring an additional 873,359 shares during the last quarter. DnB Asset Management AS acquired a new stake in Viavi Solutions during the second quarter worth $4,523,000. Comerica Bank increased its stake in Viavi Solutions by 4.3% during the first quarter. Comerica Bank now owns 255,467 shares of the communications equipment provider’s stock worth $2,557,000 after acquiring an additional 10,544 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Viavi Solutions by 88.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,276,548 shares of the communications equipment provider’s stock worth $13,685,000 after acquiring an additional 598,673 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Viavi Solutions by 3.4% during the first quarter. Principal Financial Group Inc. now owns 1,778,812 shares of the communications equipment provider’s stock worth $19,069,000 after acquiring an additional 58,706 shares during the last quarter. 92.53% of the stock is owned by institutional investors.

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In other news, SVP Luke M. Scrivanich sold 6,179 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $10.21, for a total transaction of $63,087.59. Following the completion of the sale, the senior vice president now directly owns 18,938 shares in the company, valued at approximately $193,356.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Mcnab sold 8,915 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $10.04, for a total value of $89,506.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,019 shares of company stock valued at $274,643. Insiders own 0.35% of the company’s stock.

Viavi Solutions Inc. (NASDAQ:VIAV) opened at 10.37 on Wednesday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 14.67 and a beta of 1.35. The stock’s 50 day moving average price is $10.53 and its 200 day moving average price is $10.63. Viavi Solutions Inc. has a 52-week low of $6.99 and a 52-week high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Tuesday, August 15th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $198.10 million during the quarter, compared to the consensus estimate of $196.22 million. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, analysts forecast that Viavi Solutions Inc. will post $0.41 EPS for the current year.

Several equities research analysts have issued reports on VIAV shares. B. Riley reissued a “buy” rating and set a $14.00 target price on shares of Viavi Solutions in a research note on Tuesday, August 15th. MKM Partners raised their price target on Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, June 27th. Finally, TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Viavi Solutions currently has an average rating of “Buy” and a consensus price target of $12.34.

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

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