Segall Bryant & Hamill LLC cut its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 91.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,959 shares of the communications equipment provider’s stock after selling 361,775 shares during the period. Segall Bryant & Hamill LLC’s holdings in Viavi Solutions were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Asset Management Inc boosted its stake in shares of Viavi Solutions by 1.1% during the second quarter. World Asset Management Inc now owns 14,912 shares of the communications equipment provider’s stock valued at $157,000 after purchasing an additional 155 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Viavi Solutions by 2.1% during the second quarter. Teacher Retirement System of Texas now owns 18,336 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 371 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Viavi Solutions by 1.8% during the second quarter. Stifel Financial Corp now owns 52,454 shares of the communications equipment provider’s stock valued at $552,000 after purchasing an additional 933 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Viavi Solutions by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Shelton Capital Management lifted its position in Viavi Solutions by 8.8% during the second quarter. Shelton Capital Management now owns 22,881 shares of the communications equipment provider’s stock valued at $241,000 after acquiring an additional 1,848 shares during the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.

A number of research firms recently commented on VIAV. B. Riley reissued a “buy” rating and set a $14.00 target price on shares of Viavi Solutions in a research report on Tuesday, August 15th. MKM Partners increased their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $11.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 16th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.34.

In other Viavi Solutions news, Director Richard Belluzzo sold 10,000 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $9.54, for a total value of $95,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Mcnab sold 3,003 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total transaction of $27,177.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,610 shares of company stock valued at $897,523. Corporate insiders own 0.59% of the company’s stock.

Shares of Viavi Solutions Inc. (NASDAQ VIAV) opened at $8.72 on Wednesday. Viavi Solutions Inc. has a 52-week low of $8.13 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. The company has a market cap of $2,017.23, a P/E ratio of 29.57, a P/E/G ratio of 1.45 and a beta of 1.19.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The company had revenue of $195.20 million during the quarter, compared to analysts’ expectations of $183.89 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Viavi Solutions’s revenue for the quarter was down 7.4% compared to the same quarter last year. equities analysts forecast that Viavi Solutions Inc. will post 0.31 EPS for the current fiscal year.

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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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