Leeward Investments LLC MA Purchases 168,847 Shares of Viavi Solutions Inc. $VIAV

Leeward Investments LLC MA raised its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,632,534 shares of the communications equipment provider’s stock after purchasing an additional 168,847 shares during the period. Viavi Solutions makes up about 1.1% of Leeward Investments LLC MA’s investment portfolio, making the stock its 21st biggest holding. Leeward Investments LLC MA owned about 0.73% of Viavi Solutions worth $20,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VIAV. Royal Bank of Canada raised its stake in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after buying an additional 18,910 shares during the period. AQR Capital Management LLC increased its holdings in shares of Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 5,775 shares in the last quarter. Millennium Management LLC raised its position in shares of Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after purchasing an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Viavi Solutions during the 1st quarter valued at about $165,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV opened at $26.29 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of -146.05 and a beta of 0.96. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $28.15. The firm has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $15.84. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. During the same period in the previous year, the business earned $0.13 EPS. The company’s revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Needham & Company LLC increased their target price on Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. UBS Group increased their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a research note on Thursday, January 29th. Finally, B. Riley Financial increased their target price on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

Insider Activity

In other news, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the completion of the sale, the senior vice president owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. This represents a 15.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oleg Khaykin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $27.51, for a total transaction of $550,200.00. Following the completion of the transaction, the chief executive officer directly owned 20,238 shares of the company’s stock, valued at $556,747.38. This represents a 49.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 816,478 shares of company stock worth $18,252,526 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.