UBS Group Has Lowered Expectations for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAV) had its price objective decreased by equities researchers at UBS Group from $11.50 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the communications equipment provider’s stock. UBS Group’s price target would indicate a potential upside of 17.77% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Argus increased their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Rosenblatt Securities lifted their target price on Viavi Solutions from $12.00 to $13.50 and gave the company a “buy” rating in a research report on Friday. B. Riley reduced their price target on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Northland Securities reaffirmed an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.69.

Viavi Solutions Trading Down 12.3 %

NASDAQ:VIAV opened at $9.34 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of -51.89 and a beta of 0.92. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $12.91. The business has a 50 day moving average price of $10.64 and a two-hundred day moving average price of $10.53. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94.

Insiders Place Their Bets

In related news, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 14,323 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now directly owns 55,877 shares in the company, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,164 shares of company stock valued at $411,122 over the last 90 days. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in 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 during the period. T. Rowe Price Investment Management Inc. increased its position in Viavi Solutions by 1.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock worth $106,297,000 after buying an additional 171,746 shares during the period. Schroder Investment Management Group lifted its holdings in shares of 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 worth $70,972,000 after buying an additional 112,978 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Viavi Solutions by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock valued at $64,626,000 after acquiring an additional 620,773 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Viavi Solutions by 14.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider’s stock valued at $35,106,000 after acquiring an additional 435,265 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

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.