1 week Ago By Defense World Staff
Geode Capital Management LLC reduced its position in Viavi Solutions Inc. ( NASDAQ:VIAV – Free Report ) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 5,281,751 shares of the communications equipment provider’s stock after selling 26,223 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of Viavi Solutions worth $53,359,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Viavi Solutions by 26.3% during the 4th quarter.
Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after acquiring an additional 4,085,648 shares in the last quarter. Schroder Investment Management Group increased its stake in Viavi Solutions by 1.6% during the fourth quarter.
Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock valued at $70,972,000 after purchasing an additional 112,978 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $15,268,000. WINTON GROUP Ltd bought a new position in shares of Viavi Solutions in the 4th quarter worth about $444,000.
Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at about $16,722,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have issued reports on VIAV shares. B. Riley raised their target price on shares of Viavi Solutions from $10.
00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. UBS Group boosted their price objective on Viavi Solutions from $10.
60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.
00 target price on the stock in a research note on Friday, January 31st. StockNews.com lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.
Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st.
One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.
Viavi Solutions Stock Up 0.3 % VIAV stock opened at $9.87 on Monday.
The firm’s 50-day moving average is $11.25 and its two-hundred day moving average is $10.44.
The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -54.83 and a beta of 0.
89. Viavi Solutions Inc. has a 52 week low of $6.
60 and a 52 week high of $12.91. The company has a current ratio of 3.
55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.
Insiders Place Their Bets In other Viavi Solutions news, SVP James L. Veler, Jr. sold 13,807 shares of the business’s stock in a transaction dated Friday, March 7th.
The shares were sold at an average price of $10.86, for a total value of $149,944.02.
The sale was disclosed in a legal filing with the SEC, which is available through the SEC website . Also, SVP Luke M. Scrivanich sold 14,323 shares of the firm’s stock in a transaction dated Monday, March 3rd.
The shares were sold at an average price of $11.24, for a total transaction of $160,990.52.
Following the transaction, the senior vice president now owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. This trade represents a 20.
40 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 67,164 shares of company stock worth $711,422 over the last ninety days.
Company insiders own 1.52% of the company’s stock. Viavi Solutions Profile ( Free Report ) Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics.
It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. See Also Five stocks we like better than Viavi Solutions Trading Halts Explained Is McDonald’s Stock Serving a Value Meal to Investors? What is the Hang Seng index? Walgreens Comeback? Private Equity Circling for a Buyout Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? Coca-Cola Stock Looks Refreshing After the Relief Rally Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.
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