Yousif Capital Management LLC Cuts Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Yousif Capital Management LLC decreased its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,052 shares of the communications equipment provider’s stock after selling 1,807 shares during the period. Yousif Capital Management LLC’s holdings in Viavi Solutions were worth $918,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Amundi lifted its holdings in Viavi Solutions by 185.5% during the fourth quarter. Amundi now owns 111,730 shares of the communications equipment provider’s stock worth $1,132,000 after acquiring an additional 72,599 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Viavi Solutions by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider’s stock worth $33,682,000 after acquiring an additional 139,934 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Viavi Solutions by 836.2% during the fourth 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 period. Marshall Wace LLP lifted its holdings in Viavi Solutions by 201.2% during the fourth quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider’s stock worth $497,000 after acquiring an additional 32,867 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Viavi Solutions by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,075,675 shares of the communications equipment provider’s stock valued at $10,864,000 after buying an additional 29,621 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VIAV. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Viavi Solutions in a research note on Friday, May 2nd. Rosenblatt Securities boosted their target price on Viavi Solutions from $12.00 to $13.50 and gave the company a “buy” rating in a research note on Friday, May 2nd. Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. B. Riley lowered their target price on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.69.

Viavi Solutions Price Performance

VIAV opened at $9.34 on Thursday. The stock has a 50-day moving average price of $9.54 and a 200-day moving average price of $10.41. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a current ratio of 1.53, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $2.09 billion, a P/E ratio of 467.23 and a beta of 0.87.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the business’s 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 owns 259,081 shares of the company’s stock, valued at approximately $2,311,002.52. The trade was a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.52% of the stock is currently owned by corporate insiders.

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.