Suffolk Capital Management LLC boosted its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,191 shares of the communications equipment provider’s stock after buying an additional 6,496 shares during the period. Suffolk Capital Management LLC owned about 0.07% of Viavi Solutions worth $1,613,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Viavi Solutions by 48,994.6% in the first quarter. BlackRock Inc. now owns 30,339,979 shares of the communications equipment provider’s stock worth $325,243,000 after buying an additional 30,278,180 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Viavi Solutions by 4.4% in the first quarter. Vanguard Group Inc. now owns 20,894,176 shares of the communications equipment provider’s stock worth $223,986,000 after buying an additional 873,359 shares in the last quarter. State Street Corp raised its stake in shares of Viavi Solutions by 4.8% in the first quarter. State Street Corp now owns 5,975,240 shares of the communications equipment provider’s stock worth $64,050,000 after buying an additional 271,658 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Viavi Solutions by 18.3% in the first quarter. Ameriprise Financial Inc. now owns 2,683,724 shares of the communications equipment provider’s stock worth $28,770,000 after buying an additional 416,066 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Viavi Solutions by 568.2% in the first quarter. Teachers Advisors LLC now owns 2,600,431 shares of the communications equipment provider’s stock worth $27,877,000 after buying an additional 2,211,252 shares in the last quarter. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Inc. (NASDAQ:VIAV) opened at 10.58 on Friday. The company’s 50-day moving average price is $10.98 and its 200-day moving average price is $10.48. Viavi Solutions Inc. has a 12 month low of $6.96 and a 12 month high of $11.89. The stock has a market cap of $2.40 billion, a P/E ratio of 29.23 and a beta of 1.36.

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A number of analysts have recently issued reports on VIAV shares. Zacks Investment Research lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target (up from $9.50) on shares of Viavi Solutions in a research note on Thursday, June 22nd. TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Finally, B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, July 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $11.41.

In other Viavi Solutions news, EVP Paul Mcnab sold 3,702 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $11.52, for a total transaction of $42,647.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Luke M. Scrivanich sold 4,691 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $11.39, for a total value of $53,430.49. Following the sale, the senior vice president now owns 22,707 shares in the company, valued at approximately $258,632.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,334 shares of company stock worth $150,647. 0.35% of the stock is owned by insiders.

About Viavi Solutions

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.

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

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