Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Viavi Solutions Inc. (NASDAQ:VIAVGet Rating) by 12.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 252,444 shares of the communications equipment provider’s stock after acquiring an additional 28,492 shares during the period. Great West Life Assurance Co. Can’s holdings in Viavi Solutions were worth $3,292,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Viavi Solutions by 25.9% in the third quarter. CWM LLC now owns 3,660 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 754 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Viavi Solutions by 37.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,584 shares of the communications equipment provider’s stock valued at $61,000 after buying an additional 1,244 shares during the last quarter. US Bancorp DE raised its position in shares of Viavi Solutions by 36.6% in the second quarter. US Bancorp DE now owns 6,686 shares of the communications equipment provider’s stock valued at $88,000 after buying an additional 1,793 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $140,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at approximately $188,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity

In other news, CEO Oleg Khaykin sold 7,872 shares of the company’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $10.90, for a total value of $85,804.80. Following the completion of the transaction, the chief executive officer now directly owns 889,741 shares in the company, valued at $9,698,176.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 72,804 shares of company stock worth $803,713. 1.57% of the stock is currently owned by company insiders.

Viavi Solutions Price Performance

VIAV opened at $11.09 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.85 and a debt-to-equity ratio of 0.95. Viavi Solutions Inc. has a 52-week low of $9.99 and a 52-week high of $17.43. The company has a 50 day moving average of $10.82 and a two-hundred day moving average of $12.87. The company has a market cap of $2.51 billion, a P/E ratio of 25.79 and a beta of 0.75.

Viavi Solutions (NASDAQ:VIAVGet Rating) last announced its earnings results on Thursday, November 3rd. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $310.20 million during the quarter, compared to analysts’ expectations of $325.65 million. Viavi Solutions had a net margin of 8.07% and a return on equity of 24.73%. On average, analysts expect that Viavi Solutions Inc. will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VIAV shares. Rosenblatt Securities started coverage on shares of Viavi Solutions in a research report on Wednesday, October 5th. They set a “buy” rating and a $18.00 price target for the company. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, January 20th. B. Riley lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $14.50 in a research report on Friday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Viavi Solutions from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, December 20th. Finally, Stifel Nicolaus started coverage on shares of Viavi Solutions in a research report on Thursday, December 1st. They set a “hold” rating and a $12.00 price target for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Viavi Solutions presently has an average rating of “Hold” and an average price target of $14.93.

Viavi Solutions Company Profile

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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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