Viavi Solutions Inc. $VIAV Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,860 shares of the communications equipment provider’s stock after purchasing an additional 9,776 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Viavi Solutions worth $1,337,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock worth $340,624,000 after purchasing an additional 540,045 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Viavi Solutions by 0.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock worth $118,173,000 after buying an additional 36,172 shares during the period. Woodline Partners LP raised its position in shares of Viavi Solutions by 27.6% in the 1st quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock worth $49,059,000 after buying an additional 948,472 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Viavi Solutions by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider’s stock worth $37,584,000 after buying an additional 23,783 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Viavi Solutions by 7,293.1% in the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider’s stock worth $34,500,000 after buying an additional 3,041,432 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Down 0.4%

Shares of Viavi Solutions stock opened at $12.72 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.83 billion, a P/E ratio of 79.50 and a beta of 0.90. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.97. The business has a 50-day moving average price of $11.38 and a 200 day moving average price of $10.44.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VIAV shares. Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research report on Tuesday, September 2nd. Susquehanna raised Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viavi Solutions in a research report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.50.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, the senior vice president directly owned 66,836 shares in the company, valued at $747,226.48. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Belluzzo sold 8,387 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total value of $105,927.81. Following the completion of the transaction, the director owned 217,154 shares of the company’s stock, valued at approximately $2,742,655.02. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,789 shares of company stock worth $857,189 over the last ninety days. Company insiders own 1.52% of the company’s stock.

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.