John G Ullman & Associates Inc. Buys 16,300 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

John G Ullman & Associates Inc. boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 102,350 shares of the communications equipment provider’s stock after purchasing an additional 16,300 shares during the period. John G Ullman & Associates Inc.’s holdings in Viavi Solutions were worth $1,031,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC raised its position in shares of Viavi Solutions by 102.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 346,475 shares of the communications equipment provider’s stock valued at $3,489,000 after purchasing an additional 175,695 shares during the period. Federated Hermes Inc. bought a new stake in shares of Viavi Solutions in the fourth quarter valued at approximately $169,000. Mackenzie Financial Corp raised its position in shares of Viavi Solutions by 60.4% in the fourth quarter. Mackenzie Financial Corp now owns 22,671 shares of the communications equipment provider’s stock valued at $228,000 after purchasing an additional 8,536 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Viavi Solutions in the fourth quarter valued at approximately $1,121,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Viavi Solutions by 17.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,570 shares of the communications equipment provider’s stock valued at $157,000 after purchasing an additional 2,368 shares during the period. Institutional investors own 95.54% of the company’s stock.

Insider Transactions at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,967 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the sale, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,093 shares of company stock worth $319,841. 1.80% of the stock is currently owned by insiders.

Viavi Solutions Price Performance

VIAV stock opened at $8.07 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.09 and a quick ratio of 2.72. Viavi Solutions Inc. has a one year low of $7.26 and a one year high of $11.65. The stock has a market cap of $1.80 billion, a PE ratio of 403.50 and a beta of 0.95. The firm has a 50 day simple moving average of $9.45 and a two-hundred day simple moving average of $9.06.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $249.77 million. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. On average, analysts predict that Viavi Solutions Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VIAV shares. Northland Securities boosted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Morgan Stanley boosted their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Susquehanna boosted their price objective on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, Rosenblatt Securities reduced their price objective on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.60.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.