John G Ullman & Associates Inc. Buys 16,300 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

John G Ullman & Associates Inc. boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,350 shares of the communications equipment provider’s stock after acquiring an additional 16,300 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Viavi Solutions were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIAV. Raymond James & Associates lifted its position in Viavi Solutions by 2.5% during the 1st quarter. Raymond James & Associates now owns 48,044 shares of the communications equipment provider’s stock worth $773,000 after buying an additional 1,181 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Viavi Solutions by 32.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 42,279 shares of the communications equipment provider’s stock worth $680,000 after buying an additional 10,316 shares in the last quarter. Natixis Advisors L.P. lifted its position in Viavi Solutions by 8.3% during the 1st quarter. Natixis Advisors L.P. now owns 115,782 shares of the communications equipment provider’s stock worth $1,862,000 after buying an additional 8,863 shares in the last quarter. MetLife Investment Management LLC lifted its position in Viavi Solutions by 46.8% during the 1st quarter. MetLife Investment Management LLC now owns 120,492 shares of the communications equipment provider’s stock worth $1,938,000 after buying an additional 38,396 shares in the last quarter. Finally, Ergoteles LLC bought a new stake in Viavi Solutions during the 1st quarter worth about $1,104,000. 95.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

VIAV has been the topic of several analyst reports. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Rosenblatt Securities dropped their target price on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Susquehanna upped their target price on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Northland Securities upped their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 target price on shares of Viavi Solutions in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Viavi Solutions Stock Down 0.2 %

Shares of VIAV opened at $8.07 on Friday. Viavi Solutions Inc. has a 52 week low of $7.26 and a 52 week high of $11.65. The firm has a market cap of $1.80 billion, a P/E ratio of 403.50 and a beta of 0.95. The firm’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. The firm had revenue of $254.50 million for the quarter, compared to analyst estimates of $249.77 million. On average, analysts forecast that Viavi Solutions Inc. will post 0.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Paul Mcnab sold 15,004 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Paul Mcnab sold 15,004 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the sale, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The disclosure for this sale can be found here. Insiders have sold a total of 30,093 shares of company stock worth $319,841 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.