Quantbot Technologies LP Purchases New Position in Viavi Solutions Inc. $VIAV

Quantbot Technologies LP acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 69,728 shares of the communications equipment provider’s stock, valued at approximately $3,330,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Viavi Solutions in the second quarter worth $1,228,529,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after buying an additional 5,389,435 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Viavi Solutions in the 1st quarter valued at $75,294,000. Invesco Ltd. increased its position in shares of Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after buying an additional 2,045,702 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Viavi Solutions by 1,011.9% during the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after buying an additional 1,990,848 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VIAV shares. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, August 19th. Needham & Company LLC decreased their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Susquehanna increased their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Stifel Nicolaus raised their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $38.90 on Monday. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of -259.32 and a beta of 1.22. Viavi Solutions Inc. has a twelve month low of $10.78 and a twelve month high of $60.43. The stock’s 50 day moving average price is $42.39 and its two-hundred day moving average price is $40.49. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business posted $0.13 EPS. Viavi Solutions’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Insider Activity

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the transaction, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

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.