34,165 Viavi Solutions Inc. $VIAV Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC raised its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 52.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,440 shares of the communications equipment provider’s stock after buying an additional 34,165 shares during the period. Lisanti Capital Growth LLC’s holdings in Viavi Solutions were worth $4,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIAV. GTS Securities LLC grew its position in Viavi Solutions by 4.5% in the 2nd quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock valued at $311,000 after acquiring an additional 283 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the last quarter. North Dakota State Investment Board lifted its position in shares of Viavi Solutions by 5.7% during the third quarter. North Dakota State Investment Board now owns 7,210 shares of the communications equipment provider’s stock worth $302,000 after purchasing an additional 392 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Viavi Solutions by 10.0% during the third quarter. GAMMA Investing LLC now owns 6,706 shares of the communications equipment provider’s stock worth $281,000 after purchasing an additional 611 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Viavi Solutions by 413.3% during the third quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 653 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $33.00 on Thursday. The firm has a market cap of $8.12 billion, a P/E ratio of 137.51 and a beta of 1.31. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. Viavi Solutions Inc. has a 12 month low of $15.51 and a 12 month high of $60.43. The stock’s fifty day moving average price is $36.44 and its 200-day moving average price is $38.83.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The firm had revenue of $469.30 million during the quarter, compared to the consensus estimate of $455.06 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 56.9% on a year-over-year basis. On average, equities research analysts expect that Viavi Solutions Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $65.00 price objective on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. Needham & Company LLC decreased their price target on shares of Viavi Solutions from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Zacks Research downgraded shares of Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $57.83.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at $1,435,031.52. This trade represents a 47.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 198,099 shares of company stock worth $7,916,628. 1.20% of the stock is owned by company insiders.

About Viavi Solutions

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.