Creative Planning Sells 76,654 Shares of Viavi Solutions Inc. $VIAV

Creative Planning reduced its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 36.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,557 shares of the communications equipment provider’s stock after selling 76,654 shares during the quarter. Creative Planning owned 0.06% of Viavi Solutions worth $1,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC bought a new position in shares of Viavi Solutions during the 2nd quarter worth about $43,000. AlphaQuest LLC acquired a new stake in Viavi Solutions during the first quarter worth about $55,000. Quarry LP grew its position in Viavi Solutions by 481.2% during the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider’s stock worth $106,000 after buying an additional 7,824 shares in the last quarter. Park Avenue Securities LLC bought a new position in Viavi Solutions during the second quarter valued at about $109,000. Finally, Worth Venture Partners LLC acquired a new position in Viavi Solutions in the 1st quarter valued at approximately $112,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Viavi Solutions news, Director Keith Barnes sold 121,467 shares of Viavi Solutions stock in a transaction on Monday, November 10th. The stock was sold at an average price of $18.18, for a total value of $2,208,270.06. Following the completion of the transaction, the director owned 27,213 shares in the company, valued at approximately $494,732.34. The trade was a 81.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 9,765 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $17.45, for a total value of $170,399.25. Following the completion of the transaction, the senior vice president directly owned 61,820 shares in the company, valued at approximately $1,078,759. This represents a 13.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 284,616 shares of company stock valued at $4,837,300 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VIAV shares. Susquehanna raised Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective on the stock in a report on Friday, August 8th. Argus lifted their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Needham & Company LLC increased their price objective on shares of Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. UBS Group raised their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Rosenblatt Securities upped their target price on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.89.

Viavi Solutions Stock Up 0.7%

Shares of NASDAQ:VIAV opened at $18.09 on Friday. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $18.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The company’s fifty day moving average is $14.82 and its 200-day moving average is $11.86. The company has a market capitalization of $4.04 billion, a PE ratio of 258.36 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Equities research analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

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.