Public Employees Retirement System of Ohio Makes New Investment in Viavi Solutions Inc. $VIAV

Public Employees Retirement System of Ohio acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 73,120 shares of the communications equipment provider’s stock, valued at approximately $3,491,000.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC boosted its stake in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares in the last quarter. Carolina Wealth Advisors LLC grew its holdings in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the period. Corient Private Wealth LLC increased its stake in Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares in the last quarter. Lido Advisors LLC increased its stake in Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Viavi Solutions by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 478 shares during the period. Institutional investors own 95.54% of the company’s stock.

Insider Activity

In related news, SVP Luke M. Scrivanich sold 23,911 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $36.37, for a total transaction of $869,643.07. Following the transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at $1,440,179.26. This trade represents a 37.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the transaction, the executive vice president owned 10,132 shares in the company, valued at approximately $367,690.28. This trade represents a 84.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 152,796 shares of company stock valued at $6,246,532 over the last quarter. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group cut their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Stock Performance

Shares of VIAV opened at $34.86 on Friday. The firm has a market capitalization of $8.60 billion, a P/E ratio of -232.38 and a beta of 1.22. Viavi Solutions Inc. has a 52 week low of $11.53 and a 52 week high of $60.43. The stock has a 50 day moving average price of $39.69 and a two-hundred day moving average price of $41.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal 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.