Penserra Capital Management LLC Buys 69,000 Shares of Viavi Solutions Inc. $VIAV

Penserra Capital Management LLC grew its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 8.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 840,026 shares of the communications equipment provider’s stock after acquiring an additional 69,000 shares during the period. Penserra Capital Management LLC’s holdings in Viavi Solutions were worth $10,659,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VIAV. Allianz Asset Management GmbH boosted its holdings in shares of Viavi Solutions by 45.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,455,124 shares of the communications equipment provider’s stock valued at $18,466,000 after acquiring an additional 452,048 shares in the last quarter. Keybank National Association OH grew its stake in shares of Viavi Solutions by 29.6% in the third quarter. Keybank National Association OH now owns 24,647 shares of the communications equipment provider’s stock worth $313,000 after purchasing an additional 5,633 shares during the last quarter. AlphaQuest LLC grew its position in shares of Viavi Solutions by 23.7% in the 3rd quarter. AlphaQuest LLC now owns 27,245 shares of the communications equipment provider’s stock valued at $346,000 after buying an additional 5,213 shares during the last quarter. Arizona State Retirement System raised its holdings in Viavi Solutions by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 66,058 shares of the communications equipment provider’s stock worth $838,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its stake in Viavi Solutions by 39.7% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after buying an additional 63,605 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Gary W. Staley sold 20,742 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $25.92, for a total value of $537,632.64. Following the completion of the transaction, the senior vice president directly owned 182,810 shares of the company’s stock, valued at $4,738,435.20. This trade represents a 10.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eugenia Corrales sold 3,384 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total value of $63,483.84. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $63,483.84. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 540,504 shares of company stock worth $10,111,991. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VIAV shares. Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Needham & Company LLC raised their price objective on Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Argus boosted their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.13.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $24.50 on Thursday. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $26.84. The firm’s 50 day moving average is $19.01 and its 200 day moving average is $15.04. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $5.67 billion, a P/E ratio of -136.10 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business had revenue of $369.30 million for the quarter, compared to analysts’ expectations of $365.25 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

About Viavi Solutions

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.