Main Street Research LLC acquired a new position in shares of Viavi Solutions Inc (NASDAQ:VIAV) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,677 shares of the communications equipment provider’s stock, valued at approximately $121,000.

A number of other large investors have also recently bought and sold shares of VIAV. Legal & General Group Plc increased its stake in Viavi Solutions by 5.2% during the 1st quarter. Legal & General Group Plc now owns 478,855 shares of the communications equipment provider’s stock worth $4,616,000 after buying an additional 23,755 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Viavi Solutions by 35.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 37,910 shares of the communications equipment provider’s stock worth $368,000 after buying an additional 10,000 shares in the last quarter. Principal Financial Group Inc. increased its stake in Viavi Solutions by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,764,190 shares of the communications equipment provider’s stock worth $17,148,000 after buying an additional 37,253 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Viavi Solutions during the 1st quarter worth approximately $173,000. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of Viavi Solutions in the second quarter valued at approximately $286,000. Institutional investors own 90.59% of the company’s stock.

In related news, SVP Gary W. Staley sold 5,185 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $11.22, for a total value of $58,175.70. Following the transaction, the senior vice president now directly owns 7,670 shares in the company, valued at $86,057.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Mcnab sold 57,668 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $12.56, for a total value of $724,310.08. The disclosure for this sale can be found here. Insiders sold 117,495 shares of company stock worth $1,417,459 over the last quarter. 0.50% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on VIAV shares. ValuEngine upgraded Viavi Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Deutsche Bank upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. William Blair restated a “buy” rating on shares of Viavi Solutions in a research report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Viavi Solutions has an average rating of “Buy” and a consensus price target of $11.99.

VIAV stock opened at $10.75 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.47 billion, a PE ratio of 31.62 and a beta of 0.87. Viavi Solutions Inc has a 1 year low of $8.34 and a 1 year high of $12.82.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Viavi Solutions had a positive return on equity of 12.72% and a negative net margin of 5.92%. The firm had revenue of $268.50 million for the quarter, compared to analysts’ expectations of $268.73 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts predict that Viavi Solutions Inc will post 0.48 EPS for the current fiscal year.

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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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