Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 214,501 shares of the communications equipment provider’s stock after purchasing an additional 83,659 shares during the period. Deutsche Bank AG owned approximately 0.10% of Viavi Solutions worth $2,166,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VIAV. Barclays PLC grew its position in Viavi Solutions by 4.4% in the 3rd quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock valued at $4,856,000 after buying an additional 22,893 shares in the last quarter. Park Avenue Securities LLC lifted its stake 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 acquiring an additional 1,792 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Viavi Solutions by 209.4% in the fourth quarter. SG Americas Securities LLC now owns 34,693 shares of the communications equipment provider’s stock valued at $350,000 after acquiring an additional 23,479 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of Viavi Solutions by 14.5% during the fourth quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock valued at $12,904,000 after acquiring an additional 161,532 shares during the period. Finally, Gagnon Securities LLC raised its holdings in Viavi Solutions by 23.1% during the fourth quarter. Gagnon Securities LLC now owns 23,949 shares of the communications equipment provider’s stock worth $242,000 after purchasing an additional 4,491 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the completion of the sale, the director now directly owns 259,081 shares of the company’s stock, valued at approximately $2,311,002.52. This represents a 3.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total value of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company’s stock, valued at $430,014.75. The trade was a 18.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,549 shares of company stock worth $485,916 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VIAV shares. UBS Group decreased their price target on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Morgan Stanley dropped 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. Northland Securities reissued an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, Rosenblatt Securities lifted their price objective on shares of Viavi Solutions from $12.00 to $13.50 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.69.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $9.09 on Friday. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The firm’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.51. 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 company has a market cap of $2.03 billion, a P/E ratio of -50.50 and a beta of 0.92.

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.