Public Employees Retirement System of Ohio Makes New $3.49 Million Investment in Viavi Solutions Inc. $VIAV

Public Employees Retirement System of Ohio acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 73,120 shares of the communications equipment provider’s stock, valued at approximately $3,491,000.

Other large investors have also recently made changes to their positions in the company. Silvant Capital Management LLC bought a new stake in shares of Viavi Solutions during the 2nd quarter worth $33,000. WPG Advisers LLC increased its holdings in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the second quarter worth about $38,000. Carolina Wealth Advisors LLC raised its position in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 387 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Viavi Solutions in the second quarter worth about $57,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 23,911 shares of Viavi Solutions stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the transaction, the senior vice president directly owned 39,598 shares in the company, valued at approximately $1,440,179.26. The trade was a 37.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction on 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 sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reduced their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. B. Riley Financial lowered their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Susquehanna increased their price objective on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Finally, UBS Group lowered their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $34.86 on Friday. The firm has a market capitalization of $8.60 billion, a PE ratio of -232.38 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $39.69 and a two-hundred day moving average price of $41.09. Viavi Solutions Inc. has a twelve month low of $11.53 and a twelve month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly 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. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Viavi Solutions Company Profile

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.