Intech Investment Management LLC Increases Holdings in Viavi Solutions Inc. $VIAV

Intech Investment Management LLC grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,258 shares of the communications equipment provider’s stock after buying an additional 24,638 shares during the quarter. Intech Investment Management LLC’s holdings in Viavi Solutions were worth $1,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VIAV. Royal Bank of Canada raised its position in shares of 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 valued at $2,051,000 after buying an additional 18,910 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after buying an additional 5,775 shares in the last quarter. Millennium Management LLC grew its holdings in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Viavi Solutions during the 1st quarter valued at about $165,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $52.42 on Thursday. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of -218.41 and a beta of 1.18. Viavi Solutions Inc. has a 12 month low of $9.08 and a 12 month high of $60.43. The firm’s 50-day moving average is $45.29 and its 200 day moving average is $30.52. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Research analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on VIAV. Susquehanna upped their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC upped their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. B. Riley Financial upped their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the transaction, the executive vice president directly owned 15,471 shares in the company, valued at $850,286.16. This represents a 14.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the transaction, the senior vice president owned 39,287 shares in the company, valued at $2,082,211. This represents a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is owned by company insiders.

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.