320,826 Shares in Viavi Solutions Inc. $VIAV Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 320,826 shares of the communications equipment provider’s stock, valued at approximately $15,319,000.

Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Viavi Solutions in the 2nd quarter worth $7,734,000. Algert Global LLC increased its stake in Viavi Solutions by 57.5% in the 2nd quarter. Algert Global LLC now owns 112,030 shares of the communications equipment provider’s stock worth $5,349,000 after purchasing an additional 40,890 shares in the last quarter. Parsifal Capital Management LP acquired a new stake in Viavi Solutions during the 2nd quarter worth about $29,549,562. Ranger Investment Management L.P. acquired a new position in shares of Viavi Solutions in the second quarter worth about $5,383,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Viavi Solutions in the second quarter worth approximately $306,000. 95.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on VIAV shares. Needham & Company LLC decreased their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Susquehanna lifted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Stifel Nicolaus lifted their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $36.54 on Monday. The stock has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.22. The business has a 50-day moving average of $41.22 and a two-hundred day moving average of $40.90. Viavi Solutions Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $60.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

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

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.