Marshall Wace LLP Decreases Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Marshall Wace LLP reduced its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 98.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,600 shares of the communications equipment provider’s stock after selling 1,814,859 shares during the quarter. Marshall Wace LLP’s holdings in Viavi Solutions were worth $135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evergreen Capital Management LLC acquired a new stake in Viavi Solutions during the 2nd quarter worth $96,000. Public Sector Pension Investment Board increased its stake in Viavi Solutions by 7.7% in the second quarter. Public Sector Pension Investment Board now owns 491,202 shares of the communications equipment provider’s stock valued at $3,375,000 after purchasing an additional 35,005 shares during the period. Westwood Holdings Group Inc. increased its stake in Viavi Solutions by 9.2% in the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock valued at $49,489,000 after purchasing an additional 606,522 shares during the period. Intech Investment Management LLC acquired a new position in Viavi Solutions in the second quarter valued at $202,000. Finally, Edgestream Partners L.P. increased its stake in Viavi Solutions by 31.0% in the second quarter. Edgestream Partners L.P. now owns 164,974 shares of the communications equipment provider’s stock valued at $1,133,000 after purchasing an additional 39,076 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Rosenblatt Securities lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $8.25 in a research note on Wednesday, June 26th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. B. Riley dropped their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus dropped their price objective on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $10.71.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total transaction of $55,076.48. Following the transaction, the executive vice president now directly owns 35,631 shares in the company, valued at approximately $267,945.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Paul Mcnab sold 7,324 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the sale, the executive vice president now directly owns 35,631 shares in the company, valued at $267,945.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the completion of the sale, the director now owns 243,514 shares in the company, valued at $1,989,509.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,976 shares of company stock worth $583,012. 1.80% of the stock is owned by company insiders.

Viavi Solutions Trading Up 1.8 %

Shares of VIAV opened at $9.20 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.16 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average is $8.37 and its two-hundred day moving average is $7.94. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $11.32. The firm has a market capitalization of $2.05 billion, a P/E ratio of -460.00 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. On average, research analysts predict that Viavi Solutions Inc. will post 0.17 earnings per share for the current fiscal year.

Viavi Solutions Company Profile

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.