Sirios Capital Management L P Boosts Stock Position in Viavi Solutions Inc. $VIAV

Sirios Capital Management L P grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 164.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,222 shares of the communications equipment provider’s stock after buying an additional 207,257 shares during the quarter. Sirios Capital Management L P owned 0.15% of Viavi Solutions worth $3,356,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VIAV. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock valued at $340,624,000 after acquiring an additional 540,045 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Viavi Solutions by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock worth $118,173,000 after purchasing an additional 36,172 shares during the last quarter. Schroder Investment Management Group grew its stake in Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Woodline Partners LP increased its holdings in Viavi Solutions by 27.6% in the first quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock valued at $49,059,000 after buying an additional 948,472 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Viavi Solutions by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider’s stock valued at $37,584,000 after buying an additional 23,783 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

VIAV has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 30th. B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, October 30th. Argus boosted their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Rosenblatt Securities raised their price target on shares of Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, UBS Group lifted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.89.

Insider Buying and Selling

In other news, Director Donald A. Colvin sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.09, for a total transaction of $683,600.00. Following the transaction, the director directly owned 148,524 shares of the company’s stock, valued at approximately $2,538,275.16. This trade represents a 21.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the sale, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This represents a 32.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 626,759 shares of company stock valued at $10,923,963. Company insiders own 1.80% of the company’s stock.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $18.94 on Wednesday. The firm’s 50 day moving average is $15.60 and its two-hundred day moving average is $12.33. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $19.02. The firm has a market capitalization of $4.23 billion, a P/E ratio of 270.57 and a beta of 0.96. The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.