Viavi Solutions Inc. (NASDAQ:VIAV) Position Boosted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAVGet Rating) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,100 shares of the communications equipment provider’s stock after purchasing an additional 6,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Viavi Solutions were worth $1,377,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Viavi Solutions by 68.5% during the first quarter. Victory Capital Management Inc. now owns 50,693 shares of the communications equipment provider’s stock worth $727,000 after purchasing an additional 20,612 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Viavi Solutions during the first quarter worth about $559,000. Y Intercept Hong Kong Ltd bought a new position in shares of Viavi Solutions during the second quarter worth about $210,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Viavi Solutions by 22.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 84,527 shares of the communications equipment provider’s stock worth $1,118,000 after purchasing an additional 15,347 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. lifted its holdings in Viavi Solutions by 74.2% in the first quarter. Bowen Hanes & Co. Inc. now owns 1,776,845 shares of the communications equipment provider’s stock worth $28,572,000 after acquiring an additional 756,845 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Insider Activity at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 21,027 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $13.03, for a total transaction of $273,981.81. Following the transaction, the senior vice president now owns 43,995 shares in the company, valued at $573,254.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.57% of the company’s stock.

Viavi Solutions Stock Performance

VIAV opened at $11.05 on Friday. The business’s 50 day moving average is $13.04 and its 200-day moving average is $13.83. The stock has a market cap of $2.50 billion, a PE ratio of 25.70 and a beta of 0.82. The company has a current ratio of 2.85, a quick ratio of 2.52 and a debt-to-equity ratio of 0.95. Viavi Solutions Inc. has a twelve month low of $10.03 and a twelve month high of $18.14.

Viavi Solutions (NASDAQ:VIAVGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Viavi Solutions had a net margin of 8.07% and a return on equity of 24.73%. The company had revenue of $310.20 million for the quarter, compared to analyst estimates of $325.65 million. On average, analysts predict that Viavi Solutions Inc. will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Viavi Solutions from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th. Susquehanna cut their target price on shares of Viavi Solutions from $20.00 to $18.00 and set a “positive” rating on the stock in a report on Friday, August 12th. Rosenblatt Securities assumed coverage on shares of Viavi Solutions in a report on Wednesday, October 5th. They issued a “buy” rating and a $18.00 target price on the stock. Susquehanna Bancshares cut their target price on shares of Viavi Solutions from $20.00 to $18.00 and set a “positive” rating on the stock in a report on Friday, August 12th. Finally, StockNews.com cut Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has an average rating of “Hold” and a consensus target price of $16.08.

About Viavi Solutions

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Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

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

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