2 weeks Ago By Defense World Staff
American Century Companies Inc. cut its holdings in Viavi Solutions Inc. ( NASDAQ:VIAV – Free Report ) by 27.
0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,832 shares of the communications equipment provider’s stock after selling 68,739 shares during the quarter. American Century Companies Inc.
owned about 0.08% of Viavi Solutions worth $1,277,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Innealta Capital LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at approximately $38,000. Summit Securities Group LLC purchased a new position in shares of Viavi Solutions in the second quarter worth $52,000. Headlands Technologies LLC purchased a new position in shares of Viavi Solutions in the first quarter worth $55,000.
Heritage Family Offices LLP acquired a new stake in shares of Viavi Solutions during the second quarter worth $92,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Viavi Solutions during the first quarter valued at $99,000. Institutional investors and hedge funds own 95.
54% of the company’s stock. Insider Transactions at Viavi Solutions In other news, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction dated Thursday, September 26th.
The stock was sold at an average price of $8.86, for a total transaction of $26,836.94.
Following the sale, the senior vice president now directly owns 57,319 shares in the company, valued at approximately $507,846.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.
86, for a total transaction of $26,836.94. Following the transaction, the senior vice president now owns 57,319 shares in the company, valued at approximately $507,846.
34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Also, SVP Kevin Christopher Siebert sold 8,432 shares of Viavi Solutions stock in a transaction on Thursday, August 29th.
The shares were sold at an average price of $8.63, for a total transaction of $72,768.16.
Following the completion of the sale, the senior vice president now directly owns 56,617 shares in the company, valued at approximately $488,604.71. The disclosure for this sale can be found here .
Insiders have sold a total of 70,976 shares of company stock valued at $583,012 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
Viavi Solutions Stock Down 0.1 % Viavi Solutions ( NASDAQ:VIAV – Get Free Report ) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.
02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01.
Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%.
The firm had revenue of $252.00 million during the quarter, compared to analyst estimates of $251.83 million.
As a group, sell-side analysts expect that Viavi Solutions Inc. will post 0.17 EPS for the current year.
Analysts Set New Price Targets A number of equities analysts recently issued reports on VIAV shares. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.
00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. B.
Riley decreased their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th.
StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Rosenblatt Securities downgraded shares of Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.
00 to $8.25 in a report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.71. Get Our Latest Stock Report on Viavi Solutions Viavi Solutions Profile ( Free Report ) Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
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