Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,001,467 shares of the communications equipment provider’s stock after selling 1,490 shares during the period. Fisher Asset Management LLC owned approximately 0.45% of Viavi Solutions worth $10,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Viavi Solutions in the third quarter valued at approximately $25,000. Venturi Wealth Management LLC purchased a new stake in shares of Viavi Solutions during the 4th quarter worth $75,000. KBC Group NV boosted its position in shares of Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares in the last quarter. Gilbert & Cook Inc. acquired a new position in shares of Viavi Solutions during the 3rd quarter worth $95,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,792 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 0.5 %

VIAV opened at $10.99 on Wednesday. The firm has a market cap of $2.44 billion, a P/E ratio of -61.05 and a beta of 0.92. The business’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $9.91. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94.

Insiders Place Their Bets

In related news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares of the company’s stock, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VIAV shares. B. Riley boosted their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Argus upped their price target on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley raised their price objective on Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, January 31st. Finally, UBS Group raised their price target on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.33.

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.