Headlands Technologies LLC Takes Position in Viavi Solutions Inc. $VIAV

Headlands Technologies LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 97,308 shares of the communications equipment provider’s stock, valued at approximately $4,646,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Viavi Solutions in the 2nd quarter worth $1,228,529,000. Arrowstreet Capital Limited Partnership raised its holdings in Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Bank of America Corp DE purchased a new position in Viavi Solutions during the second quarter worth about $134,922,000. Allspring Global Investments Holdings LLC acquired a new stake in Viavi Solutions in the first quarter valued at about $75,294,000. Finally, Invesco Ltd. lifted its position in Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. The trade was a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VIAV. B. Riley Financial dropped their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. UBS Group dropped their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Needham & Company LLC reduced their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Stock Performance

VIAV opened at $36.54 on Monday. Viavi Solutions Inc. has a 1-year low of $11.09 and a 1-year high of $60.43. The stock has a market cap of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.22. The stock’s 50 day simple moving average is $41.22 and its 200 day simple moving average is $40.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the business earned $0.13 earnings per share. Viavi Solutions’s quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal 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.