Viavi Solutions Inc. $VIAV Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,710 shares of the communications equipment provider’s stock after selling 10,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Viavi Solutions were worth $712,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VIAV. Penserra Capital Management LLC acquired a new stake in shares of Viavi Solutions during the 2nd quarter valued at about $7,764,000. Graham Capital Management L.P. purchased a new position in Viavi Solutions during the first quarter worth approximately $1,447,000. Versor Investments LP acquired a new stake in Viavi Solutions in the first quarter valued at approximately $1,225,000. Mackenzie Financial Corp increased its position in shares of Viavi Solutions by 51.8% in the first quarter. Mackenzie Financial Corp now owns 90,318 shares of the communications equipment provider’s stock valued at $1,011,000 after buying an additional 30,826 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Viavi Solutions by 344.8% in the second quarter. AlphaQuest LLC now owns 22,032 shares of the communications equipment provider’s stock valued at $222,000 after buying an additional 17,079 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 9,765 shares of the firm’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 sale, the senior vice president directly owned 61,820 shares of the company’s stock, valued at $1,078,759. This trade represents a 13.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director owned 27,213 shares in the company, valued at approximately $494,732.34. This represents a 81.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 284,616 shares of company stock valued at $4,837,300 in the last 90 days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on VIAV. Rosenblatt Securities lifted their price target 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. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, October 30th. Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.89.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $18.09 on Friday. The company has a market cap of $4.04 billion, a P/E ratio of 258.36 and a beta of 0.96. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $18.46. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $11.88. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. Viavi Solutions’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

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.