Canada Pension Plan Investment Board grew its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 21.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,002,100 shares of the communications equipment provider’s stock after buying an additional 350,600 shares during the period. Canada Pension Plan Investment Board owned 0.88% of Viavi Solutions worth $18,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VIAV. Essex Investment Management Co. LLC acquired a new stake in shares of Viavi Solutions in the second quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Viavi Solutions by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,003 shares during the last quarter. Creative Planning raised its position in shares of Viavi Solutions by 177.9% in the second quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 7,235 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Viavi Solutions in the second quarter valued at about $123,000. Finally, Sciencast Management LP acquired a new stake in shares of Viavi Solutions in the second quarter valued at about $146,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of Viavi Solutions in a research report on Tuesday, August 15th. Finally, TheStreet cut shares of Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.78.

Viavi Solutions Inc. (VIAV) opened at $8.64 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 0.47. Viavi Solutions Inc. has a 12 month low of $7.23 and a 12 month high of $11.89. The company has a market cap of $2,027.79, a P/E ratio of 29.60, a PEG ratio of 1.47 and a beta of 1.17.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $195.20 million during the quarter, compared to analyst estimates of $183.89 million. During the same quarter last year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. sell-side analysts expect that Viavi Solutions Inc. will post 0.3 EPS for the current year.

In related news, SVP Ralph Rondinone sold 4,569 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $9.83, for a total value of $44,913.27. Following the completion of the transaction, the senior vice president now owns 7,239 shares in the company, valued at $71,159.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of Viavi Solutions stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $10.11, for a total transaction of $46,415.01. Following the completion of the transaction, the vice president now owns 6,600 shares of the company’s stock, valued at approximately $66,726. The disclosure for this sale can be found here. In the last three months, insiders sold 100,151 shares of company stock valued at $972,975. Insiders own 0.59% of the company’s stock.

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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.

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

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