Viavi Solutions Inc. $VIAV Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 30.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,800,053 shares of the communications equipment provider’s stock after selling 1,643,241 shares during the period. Wellington Management Group LLP’s holdings in Viavi Solutions were worth $181,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VIAV. Silvant Capital Management LLC purchased a new position in Viavi Solutions during the 2nd quarter valued at about $33,000. WPG Advisers LLC lifted its holdings in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Viavi Solutions in the second quarter valued at about $38,000. Carolina Wealth Advisors LLC grew its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $57,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Down 0.7%

Shares of NASDAQ:VIAV opened at $36.29 on Tuesday. The stock’s 50-day moving average price is $40.88 and its two-hundred day moving average price is $40.97. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a 12-month low of $11.09 and a 12-month high of $60.43. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of -241.92 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the business earned $0.13 EPS. The firm’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analysts Set New Price Targets

VIAV has been the subject of several research reports. B. Riley Financial cut their price objective on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group decreased their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Insider Activity at Viavi Solutions

In related news, EVP Ilan Daskal sold 56,290 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. The trade was a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred 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 directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This trade represents a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 152,796 shares of company stock valued at $6,246,532 in the last ninety days. 1.80% of the stock is owned by company insiders.

Viavi Solutions Company 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.