Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,393 shares of the communications equipment provider’s stock after purchasing an additional 14,863 shares during the quarter. Natixis Advisors LLC’s holdings in Viavi Solutions were worth $590,000 at the end of the most recent quarter.

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

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $9.88 on Friday. The stock’s 50-day moving average is $9.45 and its 200-day moving average is $8.29. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -58.11 and a beta of 0.90. 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 Inc. has a 12 month low of $6.60 and a 12 month high of $11.32.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same quarter last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of recent analyst reports. StockNews.com lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Friday, November 1st. Northland Securities upped their price objective on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, B. Riley reduced their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of “Hold” and an average price target of $10.44.

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 5,920 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $8.45, for a total value of $50,024.00. Following the sale, the executive vice president now owns 34,545 shares of the company’s stock, valued at approximately $291,905.25. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 57,319 shares in the company, valued at approximately $507,846.34. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,949 shares of company stock worth $489,511 in the last 90 days. 1.52% of the stock is owned by corporate insiders.

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.