Rothschild & Co. Asset Management US Inc. Sells 205,611 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Rothschild & Co. Asset Management US Inc. decreased its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAVGet Rating) by 36.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,110 shares of the communications equipment provider’s stock after selling 205,611 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned approximately 0.16% of Viavi Solutions worth $5,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bowen Hanes & Co. Inc. lifted its holdings in Viavi Solutions by 74.2% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 1,776,845 shares of the communications equipment provider’s stock valued at $28,572,000 after buying an additional 756,845 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Viavi Solutions by 10.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 198,293 shares of the communications equipment provider’s stock valued at $3,189,000 after buying an additional 18,649 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Viavi Solutions by 46.8% during the 1st quarter. MetLife Investment Management LLC now owns 120,492 shares of the communications equipment provider’s stock valued at $1,938,000 after buying an additional 38,396 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Viavi Solutions during the 1st quarter valued at about $1,569,000. Finally, Natixis Advisors L.P. lifted its holdings in Viavi Solutions by 8.3% during the 1st quarter. Natixis Advisors L.P. now owns 115,782 shares of the communications equipment provider’s stock valued at $1,862,000 after buying an additional 8,863 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the subject of several recent research reports. Susquehanna Bancshares reduced their price target on shares of Viavi Solutions from $20.00 to $18.00 and set a “positive” rating for the company in a report on Friday, August 12th. Susquehanna reduced their price target on shares of Viavi Solutions from $20.00 to $18.00 and set a “positive” rating for the company in a report on Friday, August 12th. JPMorgan Chase & Co. reduced their price target on shares of Viavi Solutions from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. StockNews.com upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, August 15th. Finally, Needham & Company LLC lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Two investment 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. According to data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Viavi Solutions Trading Up 2.2 %

NASDAQ VIAV opened at $14.09 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.19 billion, a PE ratio of 281.80 and a beta of 0.77. The company has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.74. Viavi Solutions Inc. has a 52 week low of $12.65 and a 52 week high of $18.14.

Viavi Solutions (NASDAQ:VIAVGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The communications equipment provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $335.30 million during the quarter, compared to analyst estimates of $320.62 million. Viavi Solutions had a net margin of 1.20% and a return on equity of 23.68%. Viavi Solutions’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.79 EPS for the current fiscal year.

Viavi Solutions Profile

(Get Rating)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.

Featured Articles

Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.