Picton Mahoney Asset Management Invests $1.01 Million in Viavi Solutions Inc. $VIAV

Picton Mahoney Asset Management purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 79,818 shares of the communications equipment provider’s stock, valued at approximately $1,013,000.

Several other large investors have also recently bought and sold shares of the business. Royal Bank of Canada boosted its position 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 acquiring 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 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 5,775 shares in the last quarter. Millennium Management LLC lifted its position in shares of Viavi Solutions by 205.4% in 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 in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Viavi Solutions during the first quarter worth approximately $165,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the transaction, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gary W. Staley sold 24,237 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This represents a 15.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 516,765 shares of company stock worth $13,306,119 over the last 90 days. Insiders own 1.80% of the company’s stock.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $27.88 on Friday. The stock has a market capitalization of $6.45 billion, a P/E ratio of -154.88 and a beta of 0.92. The business has a 50-day moving average of $23.57 and a two-hundred day moving average of $17.77. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $35.61. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIAV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Susquehanna upped their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Wall Street Zen lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Rosenblatt Securities set a $27.00 price objective on Viavi Solutions in a research report on Thursday, January 29th. Six equities research 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. Based on data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Viavi Solutions 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.