Invesco Ltd. Sells 14,172 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Invesco Ltd. lessened its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,036,849 shares of the communications equipment provider’s stock after selling 14,172 shares during the period. Invesco Ltd. owned about 0.47% of Viavi Solutions worth $10,472,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Viavi Solutions by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 967,032 shares of the communications equipment provider’s stock valued at $9,767,000 after acquiring an additional 22,387 shares during the period. Wellington Management Group LLP boosted its stake in shares of Viavi Solutions by 26.3% in the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after purchasing an additional 4,085,648 shares in the last quarter. Schroder Investment Management Group boosted its position in Viavi Solutions by 1.6% during the fourth quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock valued at $70,972,000 after buying an additional 112,978 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Viavi Solutions during the 4th quarter valued at about $15,268,000. Finally, WINTON GROUP Ltd bought a new position in shares of Viavi Solutions in the fourth quarter worth approximately $444,000. Institutional investors own 95.54% of the company’s stock.

Insider Activity

In related news, SVP Luke M. Scrivanich sold 14,323 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now directly owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total transaction of $100,187.06. Following the completion of the sale, the executive vice president now owns 38,775 shares of the company’s stock, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,164 shares of company stock valued at $411,122. Company insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VIAV. Morgan Stanley reduced their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Argus lifted their price target on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. B. Riley upped their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. UBS Group raised their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Rosenblatt Securities cut their price objective on Viavi Solutions from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.28.

Viavi Solutions Stock Up 1.7 %

Viavi Solutions stock opened at $9.83 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -54.61 and a beta of 0.89. The business has a fifty day moving average price of $10.88 and a 200-day moving average price of $10.47. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91.

Viavi Solutions 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.