Allspring Global Investments Holdings LLC Makes New $75.29 Million Investment in Viavi Solutions Inc. $VIAV

Allspring Global Investments Holdings LLC acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,132,982 shares of the communications equipment provider’s stock, valued at approximately $75,294,000. Allspring Global Investments Holdings LLC owned 0.91% of Viavi Solutions as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC grew its position in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares during the period. State of Wyoming acquired a new position in Viavi Solutions during the fourth quarter worth $34,000. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions in the third quarter valued at $44,000. Cedar Mountain Advisors LLC bought a new position in shares of Viavi Solutions in the first quarter valued at $50,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Viavi Solutions by 86.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after buying an additional 1,317 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $38.16 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of -158.99 and a beta of 1.18. The company’s 50-day moving average is $47.90 and its 200 day moving average is $36.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. Viavi Solutions Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group increased their price objective on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Rosenblatt Securities restated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, B. Riley Financial lifted their target price on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.88.

Insiders Place Their Bets

In other news, Director Doug Gilstrap sold 10,000 shares of Viavi Solutions stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the transaction, the director directly owned 55,766 shares in the company, valued at approximately $3,067,130. The trade was a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the transaction, the senior vice president directly owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. The trade was a 21.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 450,369 shares of company stock valued at $23,789,119. Company insiders own 1.80% of the company’s stock.

Viavi Solutions 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.