Jupiter Topco LLC Purchases Shares of 101,306 Viavi Solutions Inc. $VIAV

Jupiter Topco LLC purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 101,306 shares of the communications equipment provider’s stock, valued at approximately $4,839,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Viavi Solutions in the second quarter worth about $1,228,529,000. Capital World Investors increased its stake in Viavi Solutions by 4.4% in the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after acquiring an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after acquiring an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Viavi Solutions by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after acquiring an additional 33,463 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after acquiring an additional 20,776 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Transactions at Viavi Solutions

In other news, Director Laura A. Black sold 71,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. This represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 152,796 shares of company stock worth $6,246,532 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VIAV has been the topic of several research reports. Susquehanna boosted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. Needham & Company LLC dropped their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, August 19th. Finally, Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $36.29 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market capitalization of $8.95 billion, a PE ratio of -241.92 and a beta of 1.22. The company has a 50 day moving average price of $40.88 and a 200-day moving average price of $40.97. Viavi Solutions Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions’s revenue was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

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.