Viavi Solutions Inc. (NASDAQ:VIAV) Receives $12.33 Average PT from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.33.

Several brokerages have recently commented on VIAV. Morgan Stanley increased their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report 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 for the company in a research report on Friday, January 31st. UBS Group upped 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, Rosenblatt Securities increased their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st.

Viavi Solutions Trading Down 2.2 %

VIAV opened at $11.60 on Wednesday. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The stock has a market capitalization of $2.58 billion, a PE ratio of -64.44 and a beta of 0.92. The firm’s fifty day moving average price is $10.87 and its 200 day moving average price is $9.76.

Insider Buying and Selling

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 value of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Institutional Trading of Viavi Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Viavi Solutions during the second quarter valued at about $76,000. Creative Planning raised its stake in Viavi Solutions by 77.0% during the 3rd quarter. Creative Planning now owns 114,556 shares of the communications equipment provider’s stock valued at $1,033,000 after purchasing an additional 49,836 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Viavi Solutions in the 3rd quarter valued at $105,000. Pinnacle Associates Ltd. grew its position in Viavi Solutions by 181.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 30,196 shares of the communications equipment provider’s stock worth $272,000 after purchasing an additional 19,455 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Viavi Solutions by 29.2% during the 3rd quarter. QRG Capital Management Inc. now owns 23,959 shares of the communications equipment provider’s stock worth $216,000 after purchasing an additional 5,420 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.