Jupiter Asset Management Ltd. Cuts Stock Holdings in Viavi Solutions Inc. $VIAV

Jupiter Asset Management Ltd. decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 10.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 282,582 shares of the communications equipment provider’s stock after selling 32,286 shares during the period. Jupiter Asset Management Ltd.’s holdings in Viavi Solutions were worth $5,036,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VIAV. Royal Bank of Canada grew its holdings in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after buying an additional 5,775 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after buying an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Viavi Solutions during the first quarter valued at approximately $165,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Up 0.1%

Shares of VIAV stock opened at $48.56 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 12-month low of $8.87 and a 12-month high of $60.43. The stock has a market capitalization of $11.36 billion, a P/E ratio of -202.32 and a beta of 1.22. The firm’s 50 day moving average is $44.22 and its 200 day moving average is $29.73.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president directly owned 39,287 shares in the company, valued at approximately $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 3,551 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the transaction, the executive vice president owned 18,198 shares in the company, valued at $598,532.22. The trade was a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 461,184 shares of company stock valued at $24,158,554. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. UBS Group increased their price target on shares of 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 increased their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Susquehanna increased their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

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.