New York State Common Retirement Fund Has $683,000 Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

New York State Common Retirement Fund lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,999 shares of the communications equipment provider’s stock after purchasing an additional 2,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Viavi Solutions were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. KBC Group NV grew its holdings in shares of Viavi Solutions by 38.1% during the 1st quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider’s stock worth $145,000 after purchasing an additional 3,579 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Viavi Solutions by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,106,034 shares of the communications equipment provider’s stock worth $12,377,000 after purchasing an additional 30,359 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Viavi Solutions by 1,429.1% during the 1st quarter. GAMMA Investing LLC now owns 39,008 shares of the communications equipment provider’s stock worth $436,000 after purchasing an additional 36,457 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Viavi Solutions by 201.2% during the 4th quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider’s stock worth $497,000 after purchasing an additional 32,867 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Viavi Solutions by 36.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 880,328 shares of the communications equipment provider’s stock worth $9,851,000 after purchasing an additional 232,951 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Up 0.1%

Shares of VIAV opened at $10.18 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. Viavi Solutions Inc. has a 12-month low of $7.03 and a 12-month high of $12.91. The firm has a market capitalization of $2.27 billion, a PE ratio of 509.25 and a beta of 0.88. The stock’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $10.36.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total transaction of $84,017.70. Following the transaction, the director owned 242,311 shares of the company’s stock, valued at $2,427,956.22. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on VIAV shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.50 price target on shares of Viavi Solutions in a research note on Friday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a research note on Friday, May 2nd. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. B. Riley reduced their price objective 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, UBS Group reduced their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.69.

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.