Jennison Associates LLC Purchases New Stake in Viavi Solutions Inc. $VIAV

Jennison Associates LLC purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 684,480 shares of the communications equipment provider’s stock, valued at approximately $22,779,000.

A number of other large investors have also added to or reduced their stakes in VIAV. Royal Bank of Canada raised its position in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after acquiring an additional 5,775 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after acquiring an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions in the first quarter worth $165,000. Institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares of the company’s stock, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Doug Gilstrap sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the director owned 55,766 shares of the company’s stock, valued at $3,067,130. The trade was a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 450,369 shares of company stock valued at $23,789,119 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Up 3.3%

Shares of NASDAQ VIAV opened at $39.43 on Tuesday. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The firm has a 50-day moving average of $47.59 and a 200 day moving average of $37.08. The stock has a market cap of $9.22 billion, a P/E ratio of -164.28 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Susquehanna lifted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Weiss Ratings cut shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. UBS Group boosted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.88.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.