Assenagon Asset Management S.A. Trims Holdings in Viavi Solutions Inc. $VIAV

Assenagon Asset Management S.A. lowered its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 752,957 shares of the communications equipment provider’s stock after selling 127,371 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.34% of Viavi Solutions worth $7,582,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. KBC Group NV raised its holdings in shares of Viavi Solutions by 38.1% during the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider’s stock valued at $145,000 after acquiring an additional 3,579 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Viavi Solutions in the first quarter valued at $1,098,000. Principal Financial Group Inc. increased its position in 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 valued at $12,377,000 after purchasing an additional 30,359 shares during the period. GAMMA Investing LLC increased its position in 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 valued at $436,000 after purchasing an additional 36,457 shares during the period. Finally, Graham Capital Management L.P. bought a new position in Viavi Solutions in the 1st quarter worth $1,447,000. 95.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Kevin Christopher Siebert sold 13,115 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $11.18, for a total transaction of $146,625.70. Following the transaction, the senior vice president directly owned 71,159 shares of the company’s stock, valued at $795,557.62. This represents a 15.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Belluzzo sold 8,385 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the transaction, the director owned 225,541 shares in the company, valued at approximately $2,557,634.94. This trade represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,873 shares of company stock worth $605,095. 1.52% of the stock is owned by insiders.

Viavi Solutions Trading Up 0.2%

Viavi Solutions stock opened at $12.41 on Wednesday. Viavi Solutions Inc. has a one year low of $8.10 and a one year high of $12.91. The business’s fifty day moving average is $11.01 and its 200 day moving average is $10.35. The stock has a market capitalization of $2.76 billion, a PE ratio of 77.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $285.19 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of research reports. Morgan Stanley raised shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research note on Tuesday, September 2nd. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a report on Friday, August 8th. B. Riley lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Finally, UBS Group increased their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.50.

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.