Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 60.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,671 shares of the communications equipment provider’s stock after purchasing an additional 8,536 shares during the period. Mackenzie Financial Corp’s holdings in Viavi Solutions were worth $228,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in 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 valued at $258,558,000 after acquiring an additional 424,564 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Viavi Solutions by 399.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,044,366 shares of the communications equipment provider’s stock valued at $10,517,000 after purchasing an additional 835,248 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Viavi Solutions in the third quarter valued at about $3,067,000. GSA Capital Partners LLP purchased a new stake in shares of Viavi Solutions during the third quarter worth about $673,000. Finally, Wellington Management Group LLP raised its position in shares of Viavi Solutions by 9.0% during 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 purchasing an additional 1,321,599 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction that occurred on Monday, March 11th. The shares were 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 $503,937.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction on 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 directly owns 47,097 shares in the company, valued at $503,937.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the transaction, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at $615,322.80. The disclosure for this sale can be found here. Insiders sold a total of 30,093 shares of company stock valued at $319,841 in the last three months. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $13.00 target price on shares of Viavi Solutions in a report on Monday, April 1st. Northland Securities raised their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Rosenblatt Securities decreased their price target on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, Morgan Stanley upped their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Viavi Solutions Stock Up 0.5 %

VIAV stock opened at $8.01 on Monday. The firm has a market cap of $1.78 billion, a PE ratio of 400.50 and a beta of 0.95. 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 Inc. has a one year low of $7.26 and a one year high of $11.65. The firm’s 50 day moving average price is $9.28 and its 200-day moving average price is $9.05.

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

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.