Thompson Investment Management Inc. lowered its holdings in Viavi Solutions Inc (NASDAQ:VIAV) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,734 shares of the communications equipment provider’s stock after selling 66,629 shares during the period. Thompson Investment Management Inc.’s holdings in Viavi Solutions were worth $4,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank boosted its holdings in Viavi Solutions by 0.3% in the 3rd quarter. Comerica Bank now owns 215,931 shares of the communications equipment provider’s stock valued at $3,205,000 after purchasing an additional 708 shares during the period. State of Alaska Department of Revenue boosted its holdings in Viavi Solutions by 1.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 77,849 shares of the communications equipment provider’s stock valued at $1,034,000 after purchasing an additional 1,061 shares during the period. Advisory Services Network LLC boosted its holdings in Viavi Solutions by 88.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,105 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Viavi Solutions by 1.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 68,200 shares of the communications equipment provider’s stock valued at $906,000 after purchasing an additional 1,240 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Viavi Solutions by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 148,459 shares of the communications equipment provider’s stock valued at $1,973,000 after purchasing an additional 1,274 shares during the period. 94.62% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on VIAV. TheStreet downgraded shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Wednesday, October 30th. BidaskClub downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Viavi Solutions in a report on Thursday, October 31st. Susquehanna Bancshares initiated coverage on shares of Viavi Solutions in a report on Friday, October 18th. They set a “positive” rating and a $19.00 price target for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Viavi Solutions in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Viavi Solutions presently has an average rating of “Buy” and an average price target of $15.89.

Shares of Viavi Solutions stock traded up $0.05 on Friday, reaching $15.88. 1,471,500 shares of the stock were exchanged, compared to its average volume of 2,179,996. The firm’s 50 day moving average is $14.65 and its 200-day moving average is $13.89. Viavi Solutions Inc has a one year low of $9.17 and a one year high of $16.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. The firm has a market cap of $3.64 billion, a PE ratio of 30.54 and a beta of 1.08.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Viavi Solutions had a net margin of 2.37% and a return on equity of 17.53%. The company had revenue of $299.80 million during the quarter, compared to the consensus estimate of $287.31 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Viavi Solutions Inc will post 0.56 EPS for the current fiscal year.

In related news, CFO Amar Maletira sold 37,700 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $16.10, for a total value of $606,970.00. Following the completion of the transaction, the chief financial officer now owns 348,891 shares of the company’s stock, valued at approximately $5,617,145.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 7,398 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $13.91, for a total transaction of $102,906.18. Following the completion of the transaction, the senior vice president now directly owns 46,295 shares of the company’s stock, valued at approximately $643,963.45. The disclosure for this sale can be found here. In the last three months, insiders sold 93,709 shares of company stock valued at $1,401,539. 0.88% of the stock is owned by insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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