UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.62 Million Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,829 shares of the communications equipment provider’s stock after selling 63,706 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Viavi Solutions worth $3,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions in the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new stake in Viavi Solutions during the 2nd quarter worth approximately $38,000. Quarry LP increased its position in Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after acquiring an additional 5,838 shares during the period. Summit Securities Group LLC bought a new position in shares of Viavi Solutions during the second quarter valued at $52,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $76,000. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on VIAV. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Rosenblatt Securities upped their target price on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Northland Securities boosted their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Friday, November 1st. Finally, UBS Group initiated coverage on shares of Viavi Solutions in a report on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 target price on the stock. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.44.

Insider Activity

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the sale, the senior vice president now directly owns 57,319 shares in the company, valued at $507,846.34. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $8.20, for a total value of $123,000.00. Following the completion of the sale, the director now directly owns 228,514 shares of the company’s stock, valued at approximately $1,873,814.80. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,831 shares of company stock worth $468,712 over the last quarter. Insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV opened at $11.11 on Friday. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.32. The company has a market cap of $2.46 billion, a PE ratio of -65.35 and a beta of 0.92. The stock has a 50-day moving average of $9.80 and a 200-day moving average of $8.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities research analysts predict that Viavi Solutions Inc. will post 0.19 EPS for the current fiscal year.

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.