Handelsbanken Fonder AB Grows Stock Holdings in Viavi Solutions Inc. $VIAV

Handelsbanken Fonder AB grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 25.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 88,810 shares of the communications equipment provider’s stock after purchasing an additional 18,100 shares during the period. Handelsbanken Fonder AB’s holdings in Viavi Solutions were worth $1,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VIAV. Arrowstreet Capital Limited Partnership boosted its stake in shares of Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares during the period. Aberdeen Group plc purchased a new position in shares of Viavi Solutions in the third quarter valued at $20,110,000. Millennium Management LLC boosted its stake in shares of Viavi Solutions by 772.9% in the third quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock valued at $14,763,000 after purchasing an additional 1,030,071 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Viavi Solutions by 1,658.2% in the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock valued at $8,961,000 after purchasing an additional 839,265 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Viavi Solutions by 78.0% in the third quarter. Invesco Ltd. now owns 1,763,811 shares of the communications equipment provider’s stock valued at $22,383,000 after purchasing an additional 773,069 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VIAV. Rosenblatt Securities upped their target price on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. B. Riley Financial upped their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Needham & Company LLC upped their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Susquehanna upped their target price on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Insider Activity

In other Viavi Solutions 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 transaction, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the transaction, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 461,184 shares of company stock worth $24,158,554 over the last ninety days. Insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $49.51 on Tuesday. Viavi Solutions Inc. has a 12 month low of $8.87 and a 12 month high of $60.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of -206.28 and a beta of 1.22. The company’s fifty day moving average price is $42.63 and its two-hundred day moving average price is $28.88.

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

Viavi Solutions Company 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.