Viavi Solutions Inc. $VIAV Position Raised by Ma Investment Partnership LP

Ma Investment Partnership LP grew its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 150.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the communications equipment provider’s stock after purchasing an additional 300,000 shares during the quarter. Viavi Solutions makes up 8.0% of Ma Investment Partnership LP’s investment portfolio, making the stock its 5th largest position. Ma Investment Partnership LP’s holdings in Viavi Solutions were worth $16,640,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital World Investors grew its stake in shares of Viavi Solutions by 4.4% during the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after purchasing an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Viavi Solutions by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after buying an additional 20,776 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after buying an additional 2,045,702 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the sale, the chief executive officer owned 1,188,798 shares in the company, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the transaction, the director directly owned 55,766 shares in the company, valued at $3,067,130. The trade was a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 450,369 shares of company stock worth $23,789,119. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Down 8.0%

VIAV opened at $35.10 on Wednesday. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of -146.24 and a beta of 1.18. Viavi Solutions Inc. has a 52 week low of $9.61 and a 52 week high of $60.43. The business’s 50 day moving average is $46.18 and its two-hundred day moving average is $38.01. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, research analysts predict that Viavi Solutions Inc. will post 0.73 EPS 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.