Summit Partners Public Asset Management LLC Sells 713,635 Shares of Viavi Solutions Inc. $VIAV

Summit Partners Public Asset Management LLC decreased its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,599,365 shares of the communications equipment provider’s stock after selling 713,635 shares during the period. Summit Partners Public Asset Management LLC’s holdings in Viavi Solutions were worth $28,501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VIAV. Arrowstreet Capital Limited Partnership increased its holdings in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Viavi Solutions by 1,011.9% in the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after buying an additional 1,990,848 shares during the last quarter. Bowen Hanes & Co. Inc. bought a new position in shares of Viavi Solutions in the 4th quarter worth $33,323,000. Aberdeen Group plc bought a new position in shares of Viavi Solutions in the 3rd quarter worth $20,110,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Viavi Solutions in the 4th quarter worth $22,625,000. Institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the completion of the sale, the executive vice president owned 15,471 shares of the company’s stock, valued at $850,286.16. This represents a 14.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the sale, the senior vice president directly owned 39,287 shares of the company’s stock, valued at $2,082,211. The trade was a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 450,369 shares of company stock worth $23,789,119 over the last ninety days. 1.80% of the stock is owned by company insiders.

Viavi Solutions Trading Down 7.3%

Shares of VIAV opened at $50.10 on Wednesday. The stock has a market capitalization of $11.72 billion, a P/E ratio of -208.74 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $47.97 and a two-hundred day simple moving average of $32.64. Viavi Solutions Inc. has a twelve month low of $9.14 and a twelve month high of $60.43.

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

Wall Street Analysts Forecast Growth

VIAV has been the topic of several recent research reports. B. Riley Financial increased their target price 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. Susquehanna increased their target price 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group increased their target price 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. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.75.

Viavi Solutions Profile

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.