Viavi Solutions Inc. $VIAV Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 59.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,558,253 shares of the communications equipment provider’s stock after purchasing an additional 583,347 shares during the period. Assenagon Asset Management S.A. owned about 0.70% of Viavi Solutions worth $27,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares during the last quarter. Aberdeen Group plc bought a new stake in shares of Viavi Solutions during the 3rd quarter valued at about $20,110,000. Schroder Investment Management Group raised its stake in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares during the period. Tributary Capital Management LLC raised its stake in Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after acquiring an additional 1,063,330 shares during the period. Finally, Millennium Management LLC lifted its holdings in Viavi Solutions by 772.9% in the third quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock worth $14,763,000 after acquiring an additional 1,030,071 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIAV has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Needham & Company LLC increased their price target on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Rosenblatt Securities raised their price target on Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Stifel Nicolaus boosted their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial upped their price objective on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Six 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 MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $25.00.

Viavi Solutions Trading Up 3.7%

Viavi Solutions stock opened at $37.27 on Thursday. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $38.08. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of -207.04 and a beta of 0.92. The firm has a 50-day moving average price of $27.22 and a two-hundred day moving average price of $19.71.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. Viavi Solutions’s revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Sell-side analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other Viavi Solutions news, SVP Gary W. Staley sold 24,237 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president owned 136,267 shares in the company, valued at approximately $3,260,869.31. The trade was a 15.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the completion of the transaction, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at approximately $48,973,091.76. The trade was a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 485,772 shares of company stock valued at $12,736,803 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.