American Century Companies Inc. Purchases 205,546 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

American Century Companies Inc. boosted its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 100.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 409,337 shares of the communications equipment provider’s stock after acquiring an additional 205,546 shares during the period. American Century Companies Inc. owned 0.18% of Viavi Solutions worth $4,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its stake in shares of Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 833 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Viavi Solutions during the 4th quarter valued at $75,000. Smartleaf Asset Management LLC raised its position in shares of Viavi Solutions by 836.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after acquiring an additional 7,434 shares during the last quarter. Retirement Solution LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $105,000. Finally, Park Avenue Securities LLC boosted its position in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 1,792 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the completion of the sale, the senior vice president now owns 55,877 shares in the company, valued at $628,057.48. This represents a 20.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,164 shares of company stock valued at $711,422 over the last ninety days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $9.86 on Friday. The company has a market cap of $2.19 billion, a P/E ratio of -54.77 and a beta of 0.89. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $11.39 and a two-hundred day moving average price of $10.37. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91.

Wall Street Analyst Weigh In

VIAV has been the topic of several analyst reports. Rosenblatt Securities raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, March 7th. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. StockNews.com downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley lifted their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.72.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.