Handelsbanken Fonder AB Has $913,000 Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Handelsbanken Fonder AB raised its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 22.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,610 shares of the communications equipment provider’s stock after acquiring an additional 15,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Viavi Solutions were worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIAV. Wellington Management Group LLP grew its position in Viavi Solutions by 26.3% in the fourth 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. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 last quarter. Schroder Investment Management Group grew its holdings in shares of Viavi Solutions by 1.6% in the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock valued at $70,972,000 after acquiring an additional 112,978 shares in the last quarter. Dimensional Fund Advisors LP increased 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Viavi Solutions by 14.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider’s stock worth $35,106,000 after acquiring an additional 435,265 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price target on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. UBS Group lowered their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Finally, B. Riley dropped their target price on shares of Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.69.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the transaction, the director now directly owns 259,081 shares of the company’s stock, valued at $2,311,002.52. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Down 2.2%

Viavi Solutions stock opened at $9.18 on Monday. The company’s 50-day moving average price is $9.58 and its two-hundred day moving average price is $10.43. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The stock has a market cap of $2.05 billion, a P/E ratio of -51.00 and a beta of 0.87. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91.

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.