SG Americas Securities LLC Invests $169,000 in Viavi Solutions Inc. (NASDAQ:VIAV)

SG Americas Securities LLC acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,778 shares of the communications equipment provider’s stock, valued at approximately $169,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Viavi Solutions by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,288,576 shares of the communications equipment provider’s stock worth $258,558,000 after purchasing an additional 424,564 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Viavi Solutions in the 3rd quarter worth $3,067,000. GSA Capital Partners LLP purchased a new position in Viavi Solutions in the 3rd quarter worth $673,000. Wellington Management Group LLP raised its stake in Viavi Solutions by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,925,361 shares of the communications equipment provider’s stock worth $145,558,000 after acquiring an additional 1,321,599 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Viavi Solutions in the 3rd quarter worth $255,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $8.45 on Monday. The stock has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $9.09. The firm has a market capitalization of $1.88 billion, a P/E ratio of 422.50 and a beta of 0.95. Viavi Solutions Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million during the quarter, compared to analyst estimates of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. On average, equities analysts forecast that Viavi Solutions Inc. will post 0.22 earnings per share for the current year.

Insider Activity at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares in the company, valued at $503,937.90. The disclosure for this sale can be found here. Insiders sold a total of 30,093 shares of company stock worth $319,841 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VIAV shares. Morgan Stanley raised their target price on Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Monday, April 1st. Northland Securities raised their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Rosenblatt Securities reduced their target price on Viavi Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Finally, Susquehanna lifted their price objective on Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

Viavi Solutions Company Profile

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.