Natixis Advisors LLC Buys 14,863 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Natixis Advisors LLC increased its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 29.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,393 shares of the communications equipment provider’s stock after acquiring an additional 14,863 shares during the period. Natixis Advisors LLC’s holdings in Viavi Solutions were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its position in Viavi Solutions by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 226,874 shares of the communications equipment provider’s stock valued at $2,058,000 after purchasing an additional 15,641 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Viavi Solutions by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 158,829 shares of the communications equipment provider’s stock worth $1,445,000 after acquiring an additional 7,796 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Viavi Solutions in the 1st quarter worth approximately $176,000. Tidal Investments LLC bought a new position in shares of Viavi Solutions in the 1st quarter worth approximately $564,000. Finally, Boston Partners bought a new position in shares of Viavi Solutions in the 1st quarter worth approximately $795,000. Institutional investors own 95.54% of the company’s stock.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00. Following the completion of the sale, the director now directly owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. This represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares of the company’s stock, valued at $507,846.34. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,949 shares of company stock worth $489,511. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. B. Riley cut their price target on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Northland Securities increased their target price on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group started coverage on Viavi Solutions in a research note on Tuesday, November 19th. They set a “neutral” rating and a $10.60 target price on the stock. Finally, Stifel Nicolaus cut their target price on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.44.

Viavi Solutions Trading Down 3.0 %

VIAV stock opened at $9.88 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The firm has a fifty day moving average price of $9.45 and a 200 day moving average price of $8.29. The firm has a market cap of $2.19 billion, a PE ratio of -58.11 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Sell-side analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal 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.