Viavi Solutions (NASDAQ:VIAV) Given New $12.00 Price Target at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV) had its price objective lowered by Rosenblatt Securities from $14.00 to $12.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Other equities analysts have also issued reports about the company. UBS Group upped their target price on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Northland Securities reaffirmed an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. StockNews.com cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Morgan Stanley reduced their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Finally, Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued 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 $12.28.

Viavi Solutions Stock Performance

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

Insider Buying and Selling at Viavi Solutions

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions 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 transaction, the senior vice president now directly owns 55,877 shares in the company, valued at $628,057.48. This trade represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,164 shares of company stock valued at $411,122 in the last quarter. 1.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management lifted its stake in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 833 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Viavi Solutions in the first quarter worth about $53,000. Sterling Capital Management LLC lifted its stake in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Viavi Solutions during the 4th quarter valued at about $75,000. Finally, Smartleaf Asset Management LLC grew its position in 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 worth $84,000 after acquiring an additional 7,434 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.