Viavi Solutions Inc. $VIAV Shares Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lifted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 44.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,498 shares of the communications equipment provider’s stock after purchasing an additional 12,209 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Viavi Solutions were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State of Wyoming purchased a new position in Viavi Solutions in the 4th quarter worth approximately $34,000. Hantz Financial Services Inc. increased its holdings in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the 3rd quarter valued at $44,000. GAMMA Investing LLC lifted its position in shares of Viavi Solutions by 25.8% during the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 845 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Viavi Solutions in the 4th quarter valued at approximately $90,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were 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 approximately $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 450,369 shares of company stock valued at $23,789,119. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, June 10th. Needham & Company LLC upped their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial lifted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, UBS Group increased their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Price Performance

VIAV stock opened at $48.73 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $11.40 billion, a P/E ratio of -203.03 and a beta of 1.18. The business has a 50 day simple moving average of $48.23 and a 200-day simple moving average of $32.85. Viavi Solutions Inc. has a twelve month low of $9.18 and a twelve month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Viavi Solutions’s revenue for the quarter was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 0.73 EPS 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.