Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) Price Target at $12.50

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.50.

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Rosenblatt Securities upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 7th. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Argus raised their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, B. Riley increased their target price on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, January 31st.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at $628,057.48. This represents a 20.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. Insiders sold a total of 37,164 shares of company stock valued at $411,122 over the last ninety days. Insiders own 1.52% of the company’s stock.

Institutional Trading of Viavi Solutions

Several hedge funds have recently made changes to their positions in VIAV. Stifel Financial Corp grew its holdings in Viavi Solutions by 27.5% during the third quarter. Stifel Financial Corp now owns 95,466 shares of the communications equipment provider’s stock worth $861,000 after acquiring an additional 20,592 shares during the period. XTX Topco Ltd purchased a new stake in shares of Viavi Solutions during the 3rd quarter worth $381,000. MML Investors Services LLC grew its stake in shares of Viavi Solutions by 34.3% during the 3rd quarter. MML Investors Services LLC now owns 37,480 shares of the communications equipment provider’s stock worth $338,000 after purchasing an additional 9,580 shares during the period. Barclays PLC grew its stake in shares of Viavi Solutions by 4.4% during the 3rd quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock worth $4,856,000 after purchasing an additional 22,893 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock valued at $47,887,000 after purchasing an additional 54,633 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Up 1.8 %

Shares of VIAV stock opened at $10.05 on Thursday. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The firm has a market capitalization of $2.23 billion, a P/E ratio of -55.83 and a beta of 0.89. The stock’s fifty day moving average is $11.19 and its two-hundred day moving average is $10.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.