Counterpoint Mutual Funds LLC Acquires 110,428 Shares of Viavi Solutions Inc. $VIAV

Counterpoint Mutual Funds LLC increased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 395.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,349 shares of the communications equipment provider’s stock after purchasing an additional 110,428 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Viavi Solutions were worth $4,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VIAV. Royal Bank of Canada raised its position in Viavi Solutions by 11.5% in the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after purchasing an additional 18,910 shares during the period. AQR Capital Management LLC boosted its position in Viavi Solutions by 110.5% during the first 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Viavi Solutions by 4.6% during the first 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 during the period. Millennium Management LLC boosted its position in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after buying an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Viavi Solutions during the first quarter valued at about $165,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV opened at $41.66 on Friday. The stock has a market capitalization of $9.74 billion, a P/E ratio of -173.58 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 $49.54 and a two-hundred day simple moving average of $35.21. Viavi Solutions Inc. has a twelve month low of $9.61 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue was up 42.8% on a year-over-year basis. 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.

Insider Activity at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 8,255 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares of the company’s stock, valued at $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares in the company, valued at approximately $2,082,211. This represents a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,369 shares of company stock valued at $23,789,119 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VIAV shares. Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday. UBS Group increased their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. B. Riley Financial lifted their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

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.