11,063 Shares in Viavi Solutions Inc. (NASDAQ:VIAV) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, HoldingsChannel reports. The institutional investor acquired 11,063 shares of the communications equipment provider’s stock, valued at approximately $76,000.

A number of other large investors have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its holdings in shares of Viavi Solutions by 423.6% during the first quarter. Mutual of America Capital Management LLC now owns 203,814 shares of the communications equipment provider’s stock valued at $1,853,000 after acquiring an additional 164,889 shares in the last quarter. Vanguard Group Inc. grew its position in Viavi Solutions by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock valued at $289,411,000 after purchasing an additional 451,354 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Viavi Solutions by 127.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 204,786 shares of the communications equipment provider’s stock valued at $1,862,000 after purchasing an additional 114,822 shares in the last quarter. Federated Hermes Inc. raised its holdings in Viavi Solutions by 98,561.6% in the second quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock worth $1,288,000 after buying an additional 187,267 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Viavi Solutions by 17.4% in the first quarter. First Eagle Investment Management LLC now owns 750,937 shares of the communications equipment provider’s stock worth $6,826,000 after buying an additional 111,500 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the transaction, the director now directly owns 243,514 shares in the company, valued at $1,989,509.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of Viavi Solutions stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the sale, the executive vice president now directly owns 35,631 shares of the company’s stock, valued at $267,945.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now owns 243,514 shares of the company’s stock, valued at $1,989,509.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,976 shares of company stock valued at $720,562 in the last three months. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. Rosenblatt Securities lowered Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $8.25 in a report on Wednesday, June 26th. Stifel Nicolaus lowered their price target on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. B. Riley reduced their price objective on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.71.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $9.31 on Tuesday. The business has a 50 day simple moving average of $8.58 and a two-hundred day simple moving average of $7.96. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $11.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. The stock has a market capitalization of $2.06 billion, a PE ratio of -77.58 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $251.83 million. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. On average, research analysts predict that Viavi Solutions Inc. will post 0.17 EPS for the current fiscal year.

About Viavi Solutions

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.