James L. Veler, Jr. Sells 13,807 Shares of Viavi Solutions Inc. (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Viavi Solutions Price Performance

Shares of VIAV stock traded down $0.23 during mid-day trading on Monday, reaching $10.71. The company’s stock had a trading volume of 1,971,145 shares, compared to its average volume of 1,704,862. The firm’s 50-day moving average is $11.02 and its two-hundred day moving average is $9.99. The company has a market cap of $2.38 billion, a P/E ratio of -59.50 and a beta of 0.94. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Analysts Set New Price Targets

Several research firms recently weighed in on VIAV. UBS Group boosted their price objective on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, January 31st. Rosenblatt Securities raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday. B. Riley boosted their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $12.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. QRG Capital Management Inc. raised its holdings in shares of Viavi Solutions by 29.2% in the 3rd quarter. QRG Capital Management Inc. now owns 23,959 shares of the communications equipment provider’s stock worth $216,000 after buying an additional 5,420 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the third quarter worth $25,000. Kovack Advisors Inc. lifted its holdings in shares of Viavi Solutions by 33.5% during the third quarter. Kovack Advisors Inc. now owns 206,200 shares of the communications equipment provider’s stock valued at $1,860,000 after acquiring an additional 51,800 shares during the period. KBC Group NV boosted its stake in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after purchasing an additional 3,252 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Viavi Solutions by 29.4% in the 3rd quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider’s stock valued at $590,000 after purchasing an additional 14,863 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.