Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) EVP Paul Mcnab sold 3,401 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $7.34, for a total value of $24,963.34. Following the completion of the transaction, the executive vice president now directly owns 54,539 shares in the company, valued at $400,316.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Paul Mcnab also recently made the following trade(s):
- On Tuesday, March 12th, Paul Mcnab sold 15,004 shares of Viavi Solutions stock. The shares were sold at an average price of $10.62, for a total value of $159,342.48.
Viavi Solutions Price Performance
Shares of Viavi Solutions stock opened at $7.47 on Friday. Viavi Solutions Inc. has a 1-year low of $7.10 and a 1-year high of $11.65. The firm’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.02. The company has a current ratio of 3.81, a quick ratio of 3.35 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -373.50 and a beta of 0.97.
Institutional Investors Weigh In On Viavi Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in VIAV. Vanguard Group Inc. boosted its holdings in Viavi Solutions by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock valued at $289,411,000 after acquiring an additional 451,354 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Viavi Solutions by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 16,563,670 shares of the communications equipment provider’s stock worth $166,796,000 after buying an additional 638,309 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Viavi Solutions by 20.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 6,573,335 shares of the communications equipment provider’s stock worth $66,193,000 after buying an additional 1,103,687 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Viavi Solutions by 15.6% in the fourth quarter. Schroder Investment Management Group now owns 5,321,940 shares of the communications equipment provider’s stock valued at $53,592,000 after buying an additional 718,004 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Viavi Solutions by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,026,592 shares of the communications equipment provider’s stock valued at $50,618,000 after acquiring an additional 202,387 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VIAV has been the topic of a number of research analyst reports. Rosenblatt Securities lowered their target price on shares of Viavi Solutions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Susquehanna lowered Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, May 3rd. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Friday, May 3rd. Finally, Morgan Stanley boosted their target price on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.
Read Our Latest Analysis on Viavi Solutions
About Viavi Solutions
Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Recommended Stories
- Five stocks we like better than Viavi Solutions
- Where to Find Earnings Call Transcripts
- Will the Biotech Sector Shift From Lagger to Leader?
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Robinhood Soars: Dissecting a Record-Breaking Q1 2024
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Plug Power is Building the Future of Hydrogen Despite Headwinds
Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.